classic pump and dump? good time for some to get out, imho....

classic pump and dump? good time for some to get out, imho.

adwebster, maybe you can sell into this rally and recover some of those accumulated losses you have being long gold.

This looks like an orchestrated rise in gold due to AIG. Impeccable timing, yesterday gold did not move, even fell, yet all the news we know now we knew yesterday. Funny that in the first US trading session gold surges after the Fed took control of AIG (and its assets and open positions).

Selling into this gold rally are they to recover some of their billions?

I'll get bullish gold around the $600 mark.

I'll stick with my view that debt is the danger word, we are in deflation gold is not good in deflation and people need to cash out and pay down debt. They don't cash out and buy gold since it doesn't pay rent, buy food, or pay debt.

Good luck all.