RE:RE:Amazing volatility in Au
Sage1 said :{ I own this and other micro gold stocks which have done nothing. I don't know the cause of the gold uptick other than the U.S. dollar downtick. My caution is that when the gold markets in china are on the back burner during the lunar new year there is an annual tendency for gold to get clocked. Next week will tell how this plays out. Stay vigilant. JMO s1 } Since China is closed today and gold is still up substantially maybe the shorts started getting spooked last week that they overdid it. There is still the problem in the Comex that they do not have enough gold in the eligible category to meet the demand for those wanting the actual gold. This has happened before and the Comex handled it smoothly but at some point that may blow up big time and the rise in gold may be telling us that time is getting near. Plus the breaking of the 200 day moving average seems to have gotten more people interested in gold again. Bob