SPOT - WTF Just happened...

Discussion in 'General Precious Metals Discussion' started by Austacker, Aug 24, 2011.

  1. Smoothcriminal

    Smoothcriminal New Member Silver Stacker

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  2. fishball

    fishball New Member Silver Stacker

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  3. ReturnToZero

    ReturnToZero New Member

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    Rofl the price of gold and silver are absolutely melting through the floor...
     
  4. Willow

    Willow New Member

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    remember a couple weeks ago JPmorgan and goldmansachs had released "advice" that their target for gold had changed to about $2000 ?

    One possible game plan was they were long before the release, (obvious) then shortly before the Jackhole meeting (now) go to a short position expecting
    your mate bernanke to make comment causing stronger market (weaker gold) and chuck a margin change on top due to the price rise (normal exchange action).

    result... JPM and goldilocks get to maximise the long and then cash in the fall, all while helping bernanke discredit the wisdom of holding gold for the average person.

    real result for us....Buy the dip people, get a position. when this goes towards $1580 aud..if you dont have a position, nibble in a bit earlier..
     

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