Morning,
A couple of things.
First IMO, I think gold just might be on the turn for a major leg up. It certainly has been a long enough consolidation and there are a few technical pointers to it for what they are worth. But more importantly there are some major fundamental blocks in place plus the current USA and European goings on ---
IMO this is more than usual.
Also, try getting delivery of a couple of tons of gold or silver - do you think you can just pay spot plus a little and up the driveway comes the truck?
Arrh, not quite - if you want the real thing ATM - there is a hell of a premium - and surely, that is the 'real' price.
To get delivery is almost impossible in bigger quantities - in fact even in small quantities from some places the delivery time projected is alarming.
I doubt, with conditions like that if the beach ball can be held under much longer.
Have a great day all
Pinto
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