Some good summaries from both of you tks for that.
GS has softened its attitude towards GOLD lately. It seems to me that after HSBC go smacked for manipulating prices and laundering money that the big time manipulation has changed, could be just coincidental but then so could 5 banker suicides in a month, hmmm, say no more.
I totally agree that the valuations and everything else about the U.S. markets are stretched way beyond breaking. There is no good news to pump the U.S. markets back to where they are. Looking at the DOW and the way it has been trading it is fairly obvious to me it is being pumped. With Yellen toting the party line things can only go downhill for the markets.
Gold Mines Yes Gungadin right now is a bad time to be trying to start a Gold mining operation. No money is forth coming for them and for exploration. Given that the supply side is very tight I cant see much more coming on line at all. Some good juniors around that can pay down debt and have their own money for exploration.
I don't go much for spiralling lines and mumbo jumbo technical analysis at all. I think the story for GOLD is in supply and demand and looking closely at a chart to see where the support and resistance levels are. After all these are just prices at which investors think it is a good time to buy or sell.
