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Market Vectors Gold Miners ETF Message Board

  • shivering_gums shivering_gums Sep 30, 2013 12:11 PM Flag

    Gold Goes Higher, Heres why

    The market expected the Fed to curtail bond buying not just slightly taper, The market never ever priced in the Syrian/Iranian war, no reason for gold to go lower then, since both Syria and Iran are being cooperative. What has clearly happened imho: The larger players who shorted Gold around 1700-1800 or even 1600 are now trying to get out slowly without causing panic. Problem is they shorted so much, that now they need to cover and cover fast as we will get our first big pop with shut-down!

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22.28-0.67(-2.92%)May 27 4:00 PMEDT