Prodigy Gold Inc KXLAF

More Bullish Evidence for Gold...

[MELLOW88]

According to surveys, per Blomberg, Gold traders were 93% bullish on Gold going much higher, with only 3% Negative...the remainder were neutral...this evidence speaks very well for Gold's propsects...why are we not moving UP then...? In my view the US$ Fed is playing a game of chicken , refusing to further stimulate economy, as they are exceedingly concerned about INFLATION, especially after the weather related Inflation on food commodities...

well...we all know how this will end up...In the meantime the Equity markets will be exposed to tremedous volatility, so that is one main reason for the attacks/interventions in Gold and Gold stocks...but as we all know it will not last...

Another very bullish sign for Gold is that the Republican Convention Platform will call for a return to some form of THE GOLD STANDARD....who said Gold is not relevant or important today....

Mellow

[4_nolan]

I agree with a few points, but to push the spot price north will require a large catalyst and volume and you yourself said 93 % of gold traders were already positive, so where is this push coming from the remaining 7 % negative/undecided won't do it, so it will have to be from new money outside of the gold arena, an increase in weightings/leverage or increased Government stock piling. 

[MELLOW88]

not sure if you read into it at all....these are Gold TRADERS...they are not Gold stock holders , ...they create in effect the Gold futures markets, issuing and trading Gold contracts......and continue to buy their bullish Gold positions as the older positions expire...some of these expire every month or so, and so they keep creating new Gold bull positions at higher prices,hopefully

[4_nolan]

Yes, you're right for not reading your post properly. Two screaming sick kids in Algonquin all week has given me a touch of A.D.D, but it will pass I hope lol. That being said traders being bullish this time of year is pretty regular. September is the strongest month on average ( so it's not wise tpo bet against it) for gold while October is weakest. So using this info in relation to