Hi Nuggett
I too share your enthusiasm.
A couple of quick comments!
RE: "And the opinions are so far apart. Just read the papers or the Fin Review and listen to the opinions on CNBC and Bloomberg all so very different. What volatile times we live in and who is right."
If we have to rely on the opinions of the mainstream media for direction regarding the gold price, we are all in BIG trouble They have consistently got it wrong for the entire move from $US275 to $US1000. Funny about that....LOL....Maybe they have an agenda!
Re: "I can see both sides ie. We are in a long term bull market regarding Gold and also the other side that we have seen a huge rise plus a big drop in the US dollar which needs correcting. To make it worse the hedge speculators are having a field day moving from one industry to the next playing the greed mentality to the very extreme. Really anything is possible at the moment which in itself is good for the POG as who can you trust right now. Believe me anything could happen this week or this month.
Certainly anything can happen and the 'system controllers' have been manipulating the hedge funds (by enforcing margin and lending ratio controls) so as to cause them to spill their positions which have contributed to the current weakness. Short term their power can push the price of gold wherever they want to go, but longer term the natural forces of supply and demand will create a strongly upwards bias. And let's not forget that most commodities have already breached inflation adjusted highs, yet gold has another $US1000 to go to even come close to its historic high set back in 1979/80. So forgive me if I appear a little cynical about the current downward pressure being exerted by paper contracts that have crashed the gold price. Weakness in gold ain't going to last very long. There are too many real buyers of real metal that will be accumulating strongly while it is being given away to bolster confidence in a financial system that is in a state of collapse.
As for checking assays or computations, I reckon they should extend the trading halt so that they can re-drill and re-check from scratch. That way we will be assured of a strong gold market to release what should by all accounts be fantastic results. Go the IGR's
And marsup, please don't forget to post a full report of Wednesday's presentation.
Cheers guys
Nev
[email protected]
Add to My Watchlist
What is My Watchlist?