RE: Paper vs Physical....the end game? Peter Brandt is calling for another downthrust in PMs; it's inability to sustain anything above $24 made me take my recent FR entry off the table for a small profit. Should have got a full .90c/sh [11.40->12.30] on this trade but came away with a few hundred bucks anyhow.
it could break either way quite frankly: (whoever writes for Commodity online obviously can't make their mind up from one day to the next either)
May 07, 2013
In a report published yesterday Credit Suisse Group AG said, Gold buying may slow if prices rally to $1,500, and a “significant number of funds” may place bearish bets above that level - ...
- May 08, 2013
Silver failed to hold below 23.70, which might trigger a new intraday bullish move today to test 24.35 and perhaps 38.2% correction at 24.75. We should note that Stochastic is trading in overbought ...