Gold price, page-13479

@colinchi

I don't think Gold bugs have disappeared. Gold bugs are die hard crazy lunatics, won't die easy, won't give up. I am sure they all are alive and kicking well.

Yes, day traders, short term traders, less conviction investors have disappeared. The manipulators and the management did a great job to make it happen. But they will be back at the right time. At the moment it is too hard to make money out of BDR, perhaps easy to draw blood out of stone.

There is not much to talk about until the release of the much anticipated quarterly report.
The manipulators are still in full control of the share price. Large sell orders are displayed to scare the little guys. If that robber had to sell yesterday's large 2.65 million order at .185........would have done it.
Which idiot would want to sell that kind of volume at .185. That is scare tactics, which may not work anymore as there is no one left to scare. The people who are holding now have a better understanding of the business and won't let their shares go easy.

As about hedging , SJ can only do if the large shareholders approve.
This gold run is fuelled by the weakness in the US dollar, which I suggested was on a long term downtrend, so might be too early to hedge. And if Gold goes above 1400, then we would once again whinge about the idiocy of hedging at 1350. So there you have it.