Loading ...Goldie – yeah, is the story about the guy offering $200 true? I don’t understand when he said the metal price was compressing and narrowing the gap with the paper price. If gold was trading at $86 in Shanghai, how could it be compressing toward $72 if Shanghai is closed. He also has a video out discussing JPM’s 750 million oz., that they’ve flipped long. I’ve heard that a little while ago from Andy Schectman or one of the other commentators.
Ipso – never underestimate the continued foolishness of a gambler. I know this firsthand. 🙂 Anyone who plays there is crazy, anyone who hedges there is crazy. They favor the banks and will wipe anyone out to protect the banks.
Apparently, there were a lot of fresh new longs in the platinum and palladium markets that needed a good fleecing. You know there’s had to have been a ton of new buying in those markets over the last couple weeks. Poof!
I see the shares are no longer hanging in there, HUI down 47 over 6%.
As bad as this is, and it sucks. If you had told me a year ago that gold would be at $4300, silver $72 and HUI over 700 at the end of the year, I probably would have laughed at you.
This is still IT!! and IT is not over yet. Eff the Crimex and their filthy banks.