keep saying that Gold has gone up because of Syria. They say that because IMO they can't read or something.
Gold has been going up since June 29th and made the high on Aug 22, the same day that Syria made there attack.
SO WHY ALL YOU brainless people keep saying that Gold went up because of Syria????
Gold is still in backwardation and will be heading higher on the 18 of Sept. up to 1550$
were calling for gold to 1500-1600$ by the end of Sept. Now these same people are calling for Gold sub 1000$. A lot has changed in 2-3 weeks.
Is the rationnal of when everybody is bullish you sell and when people are bearish you buy.
Where does GDX go from here 28$ 0r 22$ ?
2 JPM employees came out and said that GOLD market was being manipulated. That is why Gold and GDX went up late yesterday.
Expect FIREWORKS next week
Gold shot up dramatically because 2 JPM employees came out with proof that JPM
was manipulating the Gold and Silver markets.
With this situation unfolding and the Debt ceiling debate coming, EXPECT FIREWORKS to the upside.
go on kingsworld news. It's all over that website. Very interesting reading about this. The article came out at 3pm EST yesterday and look at what happened!!!
the upside again. Good news that Summers is out, JPM employees come out and say that the company
is manipulating the PM markets (which is why we seen a spike Friday afternoon) and still Gold is down 20$ since Friday's close.
Taper talk has been around since spring so that has to be baked in the price of Gold by now IMO.
This is pure horse #$%$ the way things are going in the Gold market. Demand is out pacing supply by a wide margin and still Gold goes down. Look at oil when demand outpaces supply, it skyrockets all the time, so why isn't gold doing the same.
in 2008 when the market was in a free fall, GDX hit a low of 17-18$. In 2013 When Markets at all time highs GdX is almost at the same level as 2008. and Gold is 75% higher than where it was in 2008. Is there a valid explanation for the price today?
Shouldn't it be closer to 40-45$ as it seems that miners are at 30 year low valuations. Is a turn around on the near horizon to the upside? Looking at the lows in 2008 for GDX, it doubled within 2 months of those lows, is the same price action about to happen?
I don't know who is Bob Doll, but seriously if someone listens to this fellow and takes his advice, should get their heads checked out. He says the Deficit has shrunk.. WHAT AN IDIOT
There is not 1 article that I read lately since 1 1-2 weeks to 2 weeks that is bullish on Gold. NOT 1
If everybody is bearish, isn't that an indicator that it will reverse course soon to the upside???
Also remember that Gold is still in backwardation, which ia also bullish
I mean everyone is bearish on PM. Isn't that an indicator that the descending trend should reverse when avery analyst is bashing gold. Not 1 article that you read out there is bullish, their all bearish.