buyback is firing up again, page-21

Sabre,
The interesting thing is that some US hedge funds are holding massive shorts way back to the $260/oz level. and still accumulating.

If the demand over the next month or so takes pog to the US$500 level, we should expect one of two scenario's, i) One or two hedge funds may collapse, trigering financial turbulance, this will send uneasy signals or 2) massive reversals above $500 which will send pog to the $580 level within days.

I'm watching, this is no time to be short. I think the Fed is also watching, wonder what their response will be.

Interesting times ahead indeed (SBM is the go)

Cheers
Zackman