stay short, page-9

Spot on Hottie...

Last week we say 30 tons of gold being dumped onto the market as short contracts from hedge funds... says it all really, where are they going to find the gold from? unless the chinese sell the gold back into the market, then they'll be forced to cover.

OGC should've taken the decision to shut down the NZ operations, I can't see any profit at the current POG. Put options? sigh, the company had a disastrous hedge position in late 2000s and the shareholders ended up paying it out... can't trust 'em.