TSX:LSG.DB - Post by User
Comment by
idlefreebirdon Nov 16, 2013 3:43pm
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Post# 21912968
RE:RE:"Gold trader: Gold signaling potential waterfall crash"
RE:RE:"Gold trader: Gold signaling potential waterfall crash" I hear what he is saying and yes Goldman Sachs and JP Morgan have publicly cut down gold and have the power to drop it. I believe Fed reports won't drop it that much as market has reacted to Yellens statements already.I'm more in the thoughts of fund managers selling to reposition themselves as they do every year and this will drop gold as if you follow Goldcorp , it's been a sell in Nov. and buy back in Jan. Feb. for lows . There is a pattern and unfortunetly the Feds did lots of damage this year as whispers of pull backs were given at the right times as sell in may and stay away whispers dropped gold big time and when gold was to rise in Sept. Bernake whispers again keeping gold down.I don't think we go below $1200.00 level.Time will tell , ha ha wouldn't be the first time I'm wrong ha ha . GLTAL p.s. Lakeshore will still rise ha ha .