Gold just fell off a cliff..., page-343

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Forged

12,711 Posts.

153

19/12/14

15:31

Post #: 14488201
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Originally posted by All4One ↑

Forged

Well according to your article the POG is in the middle of that particular banks call right now. POG is and has shown strong support from 1130 up to 1230usd. Im waiting for all this bank and traders down ramping about the Russians selling Gold to ease and then I will buy in. You know something big is going on with all this hype about Gold. Like the trolls on this blog they think that shouting their positions from the roof tops will make a difference to the entire world market. Going forward there will be a physical supply deficit, especially when you consider India will buy more than they have been, China is still charging on, most Russian production is being bought by the Russian CB to soften the blow to its own producers from sanctions put in place by the US.
It is amazing the US has so many countries sanctioned. Now they want to bring Cuba in from the cold, that is desperation in my books, 50 years the US has kept Cuba bankrupt and in poverty and now all of a sudden they think its time to say hello we are here for you, oh yeah you can bet there is another reason for this.
I don't think Cuba has much Gold to talk about so Im of the opinion it is to give Russia a slapping.

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When the rumour of world economic improvement emerging next year, POG may fall further. But true state of world economy could be much uglier than it seems. At the moment i'm in base metal, particulary "Zinc", but ready to dump Zinc and switch to gold in 2016.
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