TSXV:SLX.P - Post by User
Post by
mousermanon May 14, 2011 10:43am
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Post# 18576333
Jon Nadler from JAN 2009
Jon Nadler from JAN 2009"New York spot metals dealings tallied the following gains with only one hour to go in the afternoon electronic session: gold - up $18.90 at $929.20 per ounce, silver up 30 cents at $12.66, platinum up $14 at $987, and palladium down (?) $1 at $192 per ounce. Rhodium went its own way, dropping $90 to settle below gold and platinum, at $860 per ounce.What else was up? The US dollar, at 86 on the index. Oil, only by a very slight margin, to $41.58 per barrel. Back to the gold/dollar divergence as the week drew to a close. US GDP numbers loomed large today, and players were huddled in deep trenches, taking the inevitable fallout from the Dow (down 123 points at last check, and very near the 8K mark). Gold's mission to close out the week and the month out at or near a half-year high was accomplished. Next week, perhaps a try for $940-$952 - should the safety chase bring more scared souls onto the bandwagon. That said, both gold and silver are now in overbought territory. Let's see what may have motivated the latest safe-haven quest buying spree for bullion. Not a difficult task, these days."
WOW , terrific JON, keep giving us your insights , and i will bet against it. LOL