Hi, It's going down, all right... :lol: I hope you like the song... [youtube]http://www.youtube.com/watch?v=10ctvuNkpeo[/youtube] It's in the 1340's and silver's sub-22 $. It seems that lately silver's resistance weakened and it started following gold! >watch the 1,100-1,200 $ levels... where the production cost levels are... might be the next bottom for gold >Bernanke might "ease the easing"... I wonder if there's a passing song for "easing the easing"? (I know there was a road movie called "Easy Rider") Anyway, gold will keep going down. I'm sorry for all the enthusiastic stackers. But while studying the World Gold Council's report... it's obviously the ETF's bringing it down. Sure, now physical "appetite" will dampen as well... bringing it further down. I'm sure there will be a huge spike when all the "grizzlies" (bearish forces) weaken. Then we'll ride on the backs of bulls - provided that we've already stacked up
Well for the last 4 hours its been going up up up Gotta take whatever little rays of sunshine that shine through before the next big storm rolls over
Wow, now that's indeed "rabid-buying"! Vertically up: gold touched 1,400 $ today! This is crazy! How much more volatility can you imagine? It has modified with roughly 70 $ today. Silver >>> 23.40 $! "Danced" roughly 2 $! This is very very weird! I wonder what happens now... These vertical spikes could bring another crash afterwards, if they're merely due to bargain-hunting.
It's up again - strong boost due to Fed talks. What are they up to, what is the Fed doing right now? Any infos? I need to know... Gold is just under 1,400 $ again...
Generally all the information you need is in the media. Read the MSM articles and then believe the opposite.
One gold thing keeps on going down: http://us.ishares.com/product_info/fund/overview/IAU.htm 2012/11/29 11.390.401,627 2013/01/24 10.951.823,486 2013/02/14 10.819.794,343 2013/03/08 9.863.758,707 2013/03/27 9.279.432,999 2013/04/04 9,273,449.210 2013/04/15 6,653,361.502 2013/04/17 6,445,378.670 2013/04/18 6,342,845.752 2013/04/19 6,333,127.072 2013/04/22 6,308,830.472 2013/04/23 6,299,112.012 2013/04/24 6,287,449.980 2013/05/02 6,286,061.007 2013/05/06 6,262,738.383 2013/05/13 6,243,789.627 2013/05/14 6,224,355.467 2013/05/15 6,204,921.427 2013/05/16 6,167,997.131 2013/05/20 6,104,838.191 2013/05/22 6,095,607.535 2013/05/23 6,056,741.695 Not a single day shows an increase. Since the big price fall (with the 2,62 Moz single day drop), another 596620 ounces were gradually dumped. 80 ton more sold by the ETF's investors during the big price collapse, followed by another 18,5 ton upto yesterday.
