Earlier based on the SLR chart I predicted UBS 'out' on 6 Sept, to then drive price down and be 'In' again on 13th
Well, so far so good......see todays Form 605 Announcement dated 11th but action on Thursday 6th. Tho the gold price and share price did not drop on 5th,6th, they still stuck to the pattern.
UBS active buyers of SLR again on Thursday 13th....? By/on 13th the ECB/German court/Dutch elections and Bernanke may have caused a surge in gold prices again with major flight to safety on again.
I simply find it interesting they trade to a weekly pattern, and the pattern has been so obvious. UBS are big enough to influence the trading in SLR, ie blatantly MANIPULATE. All we can do is shrug and invest for the longer view of gold and SLR which is getting better all the time, or trade/front run with UBS.
At least its trending in the right direction now, and the compelling SLR story makes it IMO one of the best, if not the best, exposure to gold on the ASX
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