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  • What Is Going On With Gold? [View article]
    One question many common sense short sellers in Gold don't understand I have an answer to - WHY THE HELL GC DIDN'T CRASH YET?
    Aha, here we go, dear short sellers keep your breath, I have good news for you - the collapse of GC market can not happen today, because the Fed and Central Banks in Europe don't know how to get around it.
    On one hand their price of GC is 200-300 an Oz. but investors are eating it at 800$ so they will keep feeding gold bugs end of the world conspirators as long as they have the buck to buy at crazy price, when the balance will shift and bugs will be full of GC, then the Gold will crash so fast that haircuts of bugs will look like Einsteins.
    Let them buy, there are still few hundred thousands tonnes in the vaults and productions from cash squeezed mining giants is piling the COMEX pit with the speed of light.
    If you are short, stay short as Gold bugs are too weak to push it even through 900$.
    Jan 09 13:22 pm |Rating: 0 0 |Link to Comment
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