Reiner, I posted; "Most likely thanks to weakness in other markets but I also expect traders will front run the Chinese return to the market by buying ahead of them before this week ends."
I.e. I agree the rise in POG last night was probably more to do with weak data and markets and I think we are yet to see the front running of the Chinese buyers return to the market.
"calls over there are "sit back and wait"" They will be telling you to do that until long after they are set and prices are much higher. Many of our gold stocks are 50-100% up already. That's aready much more than a few "pips" and they suggest we keep waiting? When will they tell us to buy, after everything has tripled or quadrupled? We are definately not talking a few pips when it comes to gold stocks. I will ignore their advice.
ABU Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
