Bought some bullion today. The 350 day ma has gone, the 65 weekly ma has gone, but the 20 month ma is intact so far. Who knows now, but this extreme price vbariance might prove to be an anomaly. If not, I'll wait with a fair degree of confidence for today's purchase to be vindicated. The voices I trust are strident that this is an orchestrated sell-down of gold and silver in support of USD, and that demand in the physical market is increasing in response to the lower prices, causing unavailability in some forms. There's a disconnect they are saying between the physical and the futures markets, the latter being very weakened by leverage.
Anyway I went with the gut feel and bought 40 ozs of gold and 20 kgms of silver bullion today. Not a recommendation obviously.
Some gung-ho commentary during the financialsense webcast over the week-end. Listen to Dave Morgan 1st hour, Jeff Christian 2nd hour, and Eric King in second part of 3rd hour.
Updated monthly gold chart
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Bought some bullion today. The 350 day ma has gone, the 65...
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