Lots of paid bashers on board today. You can tell we are at a bottom by the increased frequency and the even more outrageous arguments they are using. Given the reduction in CME margins, I am glad we have so many shorts right now. Once the algorithms spot the imbalance, the shorts will be the fuel that is needed for the run to $1700. I'm buying more gold today.
Plenty of weird 'news' stories out there too, also bashing gold. Making illogical arguments as usual. I'm just waiting for the Asian buyers to see gold at these prices, and for the sequester fights to begin.