GOLD 0.51% $1,391.7 gold futures

USA talk on "THE CABAL", page-3

  1. 753 Posts.
    re: USA talk on Obviously you must be long gold shares and you want gold to go up.

    But beware!

    There has been an ever increasing accumulation of gold by punters on the expectations that 9/11 and Iraq would spark a rise in the metal.

    a rise did occur but the accumulation of gold vs the price rise may be interpreted as a suckers rally before the metal drops to retest the 300/oz level.

    9/11 is gone with no further action and Iraq remains to hold gold up.

    Gold drifted lower on Friday NY close with accumulation still occuring.
    If the weak longs decide to get out then gold could well trade below 315/oz (dec contract) and then its a new ball game.

    Arhidas
    Holds AVO becasue it was given to me and for potential exploration sucess if any, and does not hold any other gold stock.
 
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