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Post by thirsty on Dec 14, 2011 19:51:37 GMT -5
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Post by thirsty on Dec 14, 2011 19:53:51 GMT -5
Friday is monthly expiry. 30th is year end. Somebody with more juice with the ESF than me obviously needs gold under $1600.00. Gartmann says the gold bull is over, I've heard that for about ten years straight... ;D
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Post by looter on Dec 14, 2011 20:56:07 GMT -5
My hunch is that Ron Paul's recent poll numbers have the PM bulls running, and for good reason. If he somehow winds up with keys to 1600 Pennsylvannia Ave, there will be no point in hoarding the yellow metal.
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Post by Grainbelt on Dec 15, 2011 8:57:15 GMT -5
Could be we are in a period of relative price stability with a looming deflationary threat out there. The currency that is gold, got way ahead of the leading paper currencies the last 6-12 months. Not sure very many were surprised with the quick snapback. Thirsty is quite likely correct that over the next 10-30 years gold will be higher in terms of about every fiat currency. Unless you are willing to hold gold in a leveraged position, what does it really matter though.
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Post by thirsty on Dec 29, 2011 8:50:25 GMT -5
A good solid cliff dive in a market already well oversold and I look up on the calendar and what do I see... www.marketwatch.com/optionscenter/calendarIs it not obvious? Its not like the govt hasn't conspired with their lap-poodles in finance to fix the price of real money before, from the London Gold Pool to Jim Fisk to Roman era coin clipping.  |
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Post by thirsty on Dec 29, 2011 8:58:26 GMT -5
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