*deflationary scare before any money printing to occur. reasons including EURO collapse, slow down in USA. This could see gold and all commodities drop in a effort to raise cash. And the a rush to the liquid lie of the USD and US bonds would be one.
*ECB prints along with FED soon and we start the next leg up.
I personally think and see, the deflationary forces kick in first - as the central banks need reasons to print. So they will allow the markets to tank, and have the world beg for another injection of heroine. We have become slaves to central banks.
hedging is a disaster further beyond what has been done. As future inflation kicks in, this could shrink profit margins. 50k is enough for now, unless we add another few hundred thousand oz.
just my opinion.
MYG Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
