Oh, I dunno that. I've got a few hundred k waiting on the sidelines that I might buy a couple bars with some of if it goes into $600's again. Coins are pretty pricey anymore, even the plain jane stuff.
Last Trading Day=Today Last Delivery Day=12/31 If it's going to explode in a supernova, there's not a lot of time left. Audio commentary: http://www.barbneal.com/wav/ltunes/yosemite/Sam57.wav
Gold would have been over $1000 by now if it was goinfg to default. The thing to watch is how low the inventory avail for the next delivery gets, because once the sharks smell blood there will be a feeding frenzy.
Not really, cause if there are significant defaults, why would anyone really bother with the paper contract?
Still holding here, too... Until they stop printing money like it was paper... I wonder how COMEX inventories are doing for Feb expiration?
As long as COMEX can still keep financially "convincing" people requesting physical to only take the cash out (enough of them each month), then they can keep the "game" going. I will say though, as the world financial grid takedown continues, the PRESSURE is all on COMEX.....their day is coming!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! :eek: :eek:
The lower their inventory gets, the crazier its going to get. Until the price is high enough that big sellers of real metal show up, I think the inventory will continue to drop. Gold usually seems to hit its highs for the year in March to May timeframe.