Post by
UppersDowners on Nov 01, 2014 3:59pm
New 52 Week Low ---$1.50
Seriouly this is overdone. I will be very surprised to see this fall any further along with gold. We should be going higher as we start a new month and hedge managers have repositioned themselves till end of the year. I have seen this before and then we went to new highs. There is money to be made.
Comment by
granafirme on Nov 01, 2014 7:44pm
last weeks CFTC numbers say it different. It is past though. on the other hand I am sure that the weak shorts squared their positions on Friday. We most likely will grind lower or trade sideways. a sideways trade is damn difficult to follow. it was definitely a brutal assault. specially on silver and with heavy volume. GL
Comment by
Ferris_Wheel on Nov 02, 2014 12:09pm
As long as USD keeps climbing, nothing is overdone. We will be headed down. Anyways, does ANV have a chance with low gold prices? doubit it. JMHO