RE:RE:All That Value In The Ground !! I think we are all speechless at the continued rise in the price of Gold at this speed.
Usually it is customary to say that after such a rapid rise Gold is in an overbought zone and that, consequently, a consolidation quickly follows before, after catching its breath, it stabilizes. But there he took 150 USD last week and another 170 USD this week.
I think that the big American banks which are generally maneuvering to clip the wings of untimely increases had never imagined taking such hits on their shorts and that they must be in abysmal losses and with the force of this rise unable to stop it