Posted on 02/19/2010 10:45:23 AM PST by blam
Gold Laughs In Bernanke's Face, Shorts Freaking Out
Joe Weisenthal
Feb. 19, 2010, 1:30 PM
Given that the tightening cycle began yesterday, today's gold move has to be considered impressive.
It's now back to yesterday's pre-tightening levels.
(Excerpt) Read more at businessinsider.com ...
Whose shorts are freaking out?..............
Tiger's. They are lonely.
God Laughs In Bernanke's Face, Shorts Freaking Out
I was curious as to how shorts could freak out and that's why I opened this thread.
So gold is doing good today?
A man with a billion dollars is never lonely.................
Mama like. If 0bama keeps these clueless rubes in place until they’re replaced in 2013, I (and many other Goldbugs) should be sittin’ pretty. :)
As your chart indicates, there was an immediate sharp drop, after which a significant contingent of investors were like "oh cool, buying opportunity."
It has been beyond obvious that “they” are throwing everything they have at gold, and it’s not working. Gold To Drop 40% From Recent Highs! Gold Is In A Bubble! (deliberately misquoting Soros.) IMF To Sell 191 Tons Of Gold! Fed Tightens Monetary Policy! Buyers Fail To Materialize For IMF Gold! (ft.com)
BTW it’s another all time high for gold in Euros today. You ain’t seeing that on bubblevision.
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