view from jpm resources fund, page-4

aimone, so perhaps expect normally non-performing months to perform? haha.

POG may go lower, however imo not a lot. What will drive it lower? More shorts? The market was already short going into this week & now is a lot shorter. The massive order that was pushed through to smash gold this week was typical hedge fund behavior & it worked, well for now. But that is another short that has to be covered. I very much doubt we will see anything like the ETF selling we saw earlier in the year as the weak/smart holders are surely out.

More than likely we see ETF selling dwindle to a trickle & that physical demand outweighs supply. We will then see shorts having to cover & ETF selling become buyer & pop gold is $200+ higher. I recon we will see this by March.