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Re: Today's Gold Action 

By: micro in POPE IV | Recommend this post (2)
Fri, 12 Feb 16 1:17 AM | 75 view(s)
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Msg. 03646 of 47202
(This msg. is a reply to 03634 by Decomposed)

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Decomp

I know it was a Freudian slip, however
I would be remiss and not a friend if I failed to point out that you just said the word GOVERNMENTS and INTELLIGENT PEOPLE in the same sentence.... Shocked

I know that you know that cannot be.... Wink Mr. Green

micro...


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The above is a reply to the following message:
Today's Gold Action
By: Decomposed
in POPE IV
Thu, 11 Feb 16 10:43 PM
Msg. 03634 of 47202

Today's action in gold is remarkable. It's currently up $64/oz!

There was a day... right near the pricing peak at $1,950 three years ago... when gold jumped $100 in a single day. But that marked gold's peak and you all know what followed.

What should we make of a similar spike after three years selling off? I don't like to come across as a Polyanna, but I think it's got to mean that there are some GIGANTIC gold purchases being made today. Purchases of this size tend to be made by very large institutions and very intelligent people. Maybe even governments.
 



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