GREY:KXLAF - Post by User
Post by
MELLOW88on Aug 23, 2012 8:37pm
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Post# 20254560
Actually Gold was UP $35 today...and yes..
Actually Gold was UP $35 today...and yes.. you are right...a screwed up day, as Gold stocks were mostly down, slightly including PDG...This pattern is NOT a normal reaction to the spiking of Gold and is likely the result of heavy intervention to keep investors away from Gold stocks, in the hope that they will not sell their equities stocks, which have been down the last 5 days...I am thinking, "they" can no longer keep Gold bulliion down, so the sotcks are the next best thing to sell..Gold advancing $35 today is a clear statement/indication of upcoming troubles/problems, including.INFLATION, cocern about PMs supplies from South Africa, as well as the rising costs of mining these PMs, and of course world instability with threats of war with Iran etc...
Mellow