RE:I Hope Gold Holds Its Gains (1210) oldsilversurfer wrote: If anyone is short they're panicking. Also, I expect that maybe they will be here on Friday or even tomorrow perhaps. Any lull, any slowdown, they will try to get in just under the top, and they will come here and yell. Just be ready for it. But if they come on Friday it will be a one day affair, and they'll be gone. Things are fundamentally very good for gold to keep advancing, even without a major catalyst. So, they will get in and get out. Japan went negative on their rate and the yen went up in value. They got absolutely nothing from that. The Central Banks tools don't work...and more people know it. Janet raised and the market has gone down ever since. Now they have to rescind the raise...but not until the US 10Y Yield (1.67?) goes below 1.50, I believe. Why is that OGC's sp went down? Copper is at 2.01 or was. But, I believe it was traders, we have churn again. Everybody else did pretty good....alot of the other gold miners.
it went down cause of fair valuation at 10x earnings about 500$ margin right now with Actual production. Give us a mc of roughly 2.12 billion and thats why it sit right there right now at +\- 3.5$ sp.
Correct me if im wrong