OTCQX:BGMZF - Post by User
Comment by
yaponskion Mar 14, 2014 3:59pm
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Post# 22325576
RE:[POG Near $1520 Canadian]
RE:[POG Near $1520 Canadian]
boss_waz wrote: At $1550 I believe at least one of the glass-half-empty crew will be getting quite excited....
Perhaps even turning long....
I have noticed the manic behaviour of late....almost desperation....
$1550 in US$ is an important technical point IMO.
$1550 in C$, who cares unless the C$ is on par with US$.
But there is reason to think the gold bear leg might finally be over. Your pal Eric Sprott is talking about legal action against the banks for gold fixing.
Eric Sprott believes gold would be at $2100 today if there wasn't any gold manipulation going on.
quoting Eric Sprott wrote:
So I think gold has very much had the ceiling taken off of it (in terms of price). Had there been no manipulation we should be at $2,100 gold today and we should be at $2,400 gold by the end of the year.
Taking legal action against the manipulators is an interesting development. Read the article and see what you think.