Hello to all my old friends! I expect the turnaround of all mothers to happen as of tomorrow.. This move will be the most explosive yet in the gold bull market.. Hui showing strength and ready to explode. Shorts are going to eat there #$%$.. Cheers.. Expecting another 2008/2009 miners paradise..
Kitco explained the last three days of gold pressure as "technical selling", "weak long liquidation", "technical selling" respectively. Not even CME reducing margin requirements on GC and SI are helping to boost gold and silver. A strong case can be made for the deflation of a gold bubble (which is not to say I believe that gold will crash soon, but I wouldn't bet on another massive upward move).