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1,630 Posts.

15/11/14

12:54

Post #: 14295380
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Originally posted by HappyCats ↑

Personally I don't read those newsletters as they are as Anglo-centric as our bearish commentators / broken records here. In that they are mainly concerned with paper gold bankster conspiracy, for which I don't see any price evidence or arbitrage, only news of a bit of cheating. I have experienced enough and know enough from the real world to draw my own conclusions. Conclusions which get ridiculed by those Anglo-centrics here who won't even put aside their own ignorant opinions to consider any evidence from the East.

Last night's play should send the bears into hibernation. $1180 ignored on the way up as much as it was on the way down. If nothing else the market loves to make fools of people - as it has done for Skol to the tune of $700, and today he stands 100% wrong as he has been for 99% of the time over the last 5 years. He will remain that way.

I haven't checked yet what after the fact news Reuters, and Bloomberg have come up with, but a huge short-covering rally doesn't wash twice in succession. Think I'm fairly content with loading up over the last week and Gobs will be keeping all his pineapples to himself. But it's the markets, so nothing is a dead cert, there's only personal assessment and probabilities, so we'll see.

GLTA

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"$1180 ignored on the way up as much as it was on the way down."
.
Actually the cry was often $1180 DYOR!

Russian accumulating gold - interesting?
Russian warships off Brisbane - WHAT!

“I find it much more serious that there are violations of Ukraine’s territorial integrity,” reportedly said German Chancellor Angela Merkel!

It could well be that a new paradigm has been entered whereby international realities are indeed closer than the TV set for those in Brisbane.
1 Upvote

0 Great analysis

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