Msg. 37393 of 45651 (This msg. is a reply to
37384 by
capt_nemo)
Jump:
re: "Did bankers use the MF Global bankruptcy to suppress gold and silver prices and create the panicked appearance of collapsing precious metals..."
Who knows? Gold and silver prices WERE far above their moving averages, so selling was warranted. Some of you will remember that I sold a bit near the top. (And re-purchased far too soon, but that's a different topic.) A pullback to even $1,550/oz remains within the NORMAL trading range for gold.
The chart makes it pretty clear that gold's support level has, so far, held.
I consider this an excellent buying opportunity, by the way. $2,000/oz will be breached by Summer.
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
Posted by: smartknowledgeu
Post date: 12/27/2011 - 00:20
Did bankers use the MF Global bankruptcy to suppress gold and silver prices and create the panicked appearance of collapsing precious metals to give themselves additional precious time to delay the...
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