Today..looks like a crossover day..dont think we will see 1250 again..set a stop..thing is..if gold pops in AH..you cant cover...going higher looks to me..who knows..
dollar drops today too...they holding it back somehow..or The makers of these ETFs..needed some Xmas money..where did it go?
Today is why..see gold pop pre..GDX,NUGT dont move much..today is different game the miners will track bitcons..or carbon credits..today..or whatever they feel like
today gold is going to pop..how did they know that..Bust them SEC....but this been going on for years..and JPM is the Fed anyway
Barrick needs some cash,closed thePascua Lama mine..the gold is still there nothing changed,go dig it up when prices rise..and if some of the smaller miners go BK..thats good for the price of gold supply shrinks..You watch..NUGT,DUST will track something different each day..sometimes oil is higher..they tank it,the dollar strong they tank it,gold goes down they tank it..watch during the day when gold rises..NUGT barely moves somedays..but when gold sells off during the day..NUGT will rise..they are trading off inside info..days ahead of retail
As gold sold off today..miners went greener?..Thats why these ETFs are scams..they change what they want to track when they want to make the most on...tommorrow they will change it again
and the outlook into the end of 2013 looks good for gold prices..These ETFs just shaved 100s of millions for their own pockets....Did Madoff..design these
..big difference...or the DUST people..looking for a better price to buy..to me looks good either way
so..it was the strong dollar..that did us in..today...and tell me way the dollar is strong?...did they run out of ink..today..pure BS
GDX was trading around 26..Oct 22..week ago with gold at 1316..oil was higher..then..the people running these ETFs need to be investigated
and oil has dropped a bunch too..did it decay that much?
Trading off nonpublic info/inside info..they knew the sell orders for the next day on gold..Go get them SEC..very easy..see who made the trades/find them..ask them who gave you the info in advance and fine them ban them from trading for life..not that hard
Maybe tommorrow..look at oil today dropped .50...at 12.45 gld was 1319...up to 1325 and the ETFs miners tank more..