we may put different meaning on fundamentals I may have misused the word; my theory is that the low oil price is putting incredible pressure on volatile areas of the world as well as bond markets floating all the production; also, just everyday society, we are sitting on a powder keg in USA, there will be violence unrelated to oil price and mid east tensions; just my working theory but I think I'm right here which is what is fun about investing/gambling; the only thing that will resist crumbling or will crumble last is PMs in my humble opinion; wish I was more sanguine but I have eyes to see and ears to hear and its getting downright scary;
agreed. never thought I'd see a CEO put his own $$ on the line in a dicey situation, is a strong sign; the world fundamentals for holding gold have never been stronger, either, IMHO. more upside than downside here, just my opinion.
Friday was the most confusing day of the trading year; spot up markedly, but why? the jobs report was 'strong', further confirming rate hike, which should have been kryptonite to spot gold; but it wasn't. very strange to my thinking; the jobs report is pure fiction, anyone who lives more than 25 miles from wall street knows this but even still, something is in the air; seriously, something is up. there has been longstanding manipulation of spot price, I've made up my mind and if you don't agree that's fine but I proceed this way. but something changed Friday, I'm not sure what and that makes me nervous; long term my guess, and that's what it is, but my guess that I'm trading on, is that there is some wind afoot to shoot an arrow across comex. they are de facto insolvent and its an open secret. all the big players have been playing nice in the sandbox but I'm wondering if that changed Friday. long term still bullish mux although sold some on the spike;
saw some info that price spike was due to Saudi announcement on oil production but not sure I believe that. something just feels weird, maybe those with the resources are challenging king dollar. we shall see, stay tuned. just my musings.