TSXV:SLX.P - Post by User
Post by
caramel55on Jan 25, 2011 11:58am
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Post# 18023020
dumping metal or dumping paper :)
dumping metal or dumping paper :)https://finance.yahoo.com/news/Gold-Prices-Tank-to-3Month-tsmf-1703619228.html?x=0&sec=topStories&pos=main&asset=&ccode=
"Today's selloff is more dramatic than just profit- taking, however, as gold is fumbling with its identity as a safe-haven asset. Ironically, the landscape is ripe for more crises which should prop up gold. "We believe the outlook for 2011 remains positive for gold as broader investment drivers remain intact," says Barclays Capital.
gotta laugh at these articles. there's no fumbling - it is a safe haven hedge against money printing. and it's rare to find the physical actually being redeemed - either there's extra shorts or some longs covering. Traders may dump the paper but no one's dumping the physical.