as clearly projected on 4.1.2008--- the unwinding has begun, gold is finished. gold will be < 600 by 4.1.2009 http://www.elitetrader.com/vb/showt...ge=6&highlight=marketsurfer gold&pagenumber=1 surf
Says who? Margin calls are based on where prices ARE trading, not where one thinks they SHOULD be trading. And for now the market says gold is worth ~ $787.
Let's see what happens after that December contract expires. Think there will be a lot more deliveries requested than usual? I do. What will they have to deliver after that? You think there will be nobody with money wanting it? As fast as the Treasury can print it, it goes to OPEC and China, and everywhere else in the world except America. Think they will smell a rat, soon? I do. And I think they will take delivery of as much as they can get their hands on.
Hi, I just started with this post on GOLD, please comment your take on this post. Here is my take on gold short term 1-2 weeks, it will trade in the band $760 - $810 based on these 3 links given below 1) storing dollar 2) hedge funds forced unloading as part of delevarage Dollar soars to 20-month high; euro drops vs yen http://www.reuters.com/article/hotStocksNews/idUSTRE49D12L20081021 Gold falls for seventh day on funds liquidation http://www.marketwatch.com/news/sto...E4BC11-FD94-4FA5-9726-B3D758BD84F5}&dist=news Freaky Friday Part II - The Big Roil http://www.kitco.com/ind/nadler/oct172008A.html Cheers