RE: Muted response yesterday...I am obviously biased because I own G but this puppy should be ALOT higher but its not. With any luck it will close around $45 today which is the SP I thought it would be a week ago when it was around $39. Now is the time to be patient and hold. IMHO I believe the majority of the quality precious metal shares have been and are being surpressed by Fed and the US Gov't PPT. The precious metal shares are a COILED spring ready to release.
Fed Manipulation of Markets & Gold - Originally posted Oct.29-09
Options expire yesterday and the Fed purchases of US Treasuries ended this morning and GOLD goes up today. If anyone doesn't think these markets are manipulated they are insane.
With good results on Nov.4 this puppy will be $45 and it wouldn't surprise me one bit to see $48-$50. GLTA