So, does this mean BUY or SELL?
The second country in two days to allege price fixing on gold/PMs. China was the first in regards to keeping the dollar higher and as the world reserve. If demand alone determines gold prices, it could go much much higher. The fed would fight this but may have to bow to demands from other governments. I own BRG and SLW. Do your own DD.
Ping. Explain how this can’t possibly be true.
Germany is upset the FED has already sold all the gold they have been storing for the Germans. I read somewhere that the Germans asked for it back, and the FED said - OK, within the next 7 years....
Actually, it’s been a pretty good day for gold, silver, and the other precious metals.
There was a bottom of some kind right at the turn of the year. It’s hard to be sure, and there may be another pullback going into this spring, but I think we may be getting a bottom here, after two years of pullback.
The trader statistics are positive, with speculators and small traders going short and the big guys mostly out of their shorts, which they’ve been playing for quite some time.
My guess is that we’ll continue up further for a couple of weeks, pull back some, and then sometime this spring develop a long-term bull market. But that’s just a guess.
DYODD. Do your own due diligence.
The start of a new currency war? Or just a part and continuation of the one were in with China?
I am loving it. :-)