back over $40 soon, page-57

mmmmmm



remaining short and adding to position....

Might be worth $40 but I'm not prepared to pay it

sadly i couldnt raise anyone on the Wilsons desk Monday...wasnt actually aware the market would be open,,too busy on the long week end

staying short with low liquidity with violent moves in FX markets. Seems the world is short the USD at present,,just like they were earlier on the EURO this year when it collapsed down below 120vs USD in trade. Everyone said it would go to below parity and low and behold its now pushing 137.00, basically were it was after huge soverign debts, loans bailouts and falls in GDP. Somehow doesnt seem sustainible to me

Todays trading was very interesting with a big move late in the afternoon with Banks going green on the back of RBA NOT moving, this spurred huge FX moves and the day then got Japan lowering interest rates to zero, again causing problems....

I know the money printing/ cheap money will end up in the market, or so they say,,seems you can get better yeailds and less risk in term deposits..

imo the new NCM has not been tested yet, company has has 764486927 shares on issue with a PE of 35.35 which seems expensive for a GOLD stock. Gold has had a very dramatic run and it wouldnt suprise me to see some consolidation / profit taking.......if there is a solid push to the exit its bound to fall as the current premium to assets is huge.........

theory may expire in 5 seconds.....

Near Term Target 36, gold to pull below 1300