Should easily sell for 35-37$/share. Now that Aubrey left, 1 year later this looks great all over again! Never did like Aubrey much anyways.
China buying gold because they know Feds & Goldman busy working US Investors into selling. 1. Prop up fake dollar, 2. Pay back Germany Gold at lower prices, 3. Shorting will make money for Goldman$$$ + their clients that got the Insider Trading Advice will help manipulate markets to let price freely fall! China saw the manipulation and said "bring it on" you bring your 400 Billion dollar worth of phony paper trades over 6 months, we will just avalanche you with 200 Billion in physical gold, there isn't anyone left to sell physical stuff. Just goes to show you how much manipulation was going on!
Both the Feds and Investment Banks in the US work together in a manner that is made in a couple of lines,
Fed: " we need to repay Germany's gold, uh we need it down" Goldman : Got it! "Gold is a Slam Dunk Sell"
China: #$%$ Fools! US dollar worthless! Buying all the gold they can at 1280 or less.
nothing in life is a slam dunk! Nothing, we live in a very dynamic world, things can shift on a dime. Any single event in the world can cause the analysts thinking to shift, there is no such thing as a SLAM DUNK!
Lot of BS and manipulation going on to strengthen the dollar! The dollar if called in by China, Japan and the debt holders, America would have no means to pay back except to print, they could pay off the debt by printing. Reality will set in when they print 40,000,000 X the currency outstanding to pay debts, think about this, a can of soda with inflation could potentially cost 700$ - 2500$, thats how pathetic it could get if China just turns on America and lets the wheels under Uncle Sams wagon fall!
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!