Post by
tac37 on Apr 23, 2010 11:26am
Nice short squeeze rally in gold
Nice little short squeeze rally going on for expiry day. If we get a close above 1161 it should be off to the races.
But for a little conspiracy theory speculation, I wonder if JPM is throwing the dogs off the scent by not engineering a take down as is usualy the case on expiry day. Since every one and their mother has read the Andrew McGuire story and was expecting it, JPM probably sent out word to their little fish metals trader friends that a take down was scheduled, then threw them to the wolves by taking the other side. Once they flush 'em out they can get back to biz as usual.
I know, its all probably just a strong euro thing, but everyone else has an Oliver Stone type paranoid fantasy, why not me?
BVG is gonna be boring for a while until new resource estimate is announced, just killing time. GLTA