"Unfortunately at present it's game ... set ... and match over ... for gold imo .."
That sounds like a buy signal to me, thanks SP.
If gold drops to 700 you will look like a genius, if it moves up to new highs you will have been part of the capitulation.
At $700 there will be no viable gold mining industry, hedging wont work because even if they hedge at these levels, with declining ore grades and increasing energy costs going forward, they will be locking in future losses at current prices.
You are right about gold being easy pickings when it comes to shorting activity, it is the exact opposite with oil and opec, they manipulate the price upward and the banks cant mess with opec.
game ... set ... and match ..., page-2
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