Bullboard - Stock Discussion Forum Voltalia Ord Shs VLTAF

Voltalia SA is a France-based holding company engaged in the renewable utilities sector. It designs, develops and operates electric power stations in numerous countries, such as France, French Guyana, Brazil, Greece and Morocco. The Company generates electricity using a variety of renewable energy sources. These include wind, water, biomass and solar power. In addition, Voltalia SA specializes... see more

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Voltalia Ord Shs > POG?

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Post by Mick16 on Nov 28, 2012 9:02am

POG?

Spanish bailout of $50B gets go ahead and gold tanks?? Something is not adding up. Anybody?

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Comment by gold_diggers1 on Nov 28, 2012 10:42am

Mick16, Spainish bailout of $50B more Euro money..... which means US$ is more valuable and POG is priced in US$, hence the drop in the POG...... . GLTA

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Comment by Mick16 on Nov 28, 2012 10:46am

Thanks GD1, I just thought the more money in circulation in general was good for gold, but I was wrong :-(

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Comment by gold_diggers1 on Nov 28, 2012 11:36am

Mick16, that is only a speculation on my part. I can see your point too which is more money bailout, regardless in what currency, makes gold more valuable since the amount of money out there does not decrease with more printing, it only increases, be it USD, Euro, British Pounds etc... But I think the perception is that people now will flock to the USD since Euro is ...more

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Comment by VentureTrader1 on Nov 28, 2012 12:26pm

Or else it's because the commercial short:long ratio is 2:1, which means there are is a relatively large speculative long position. Yesterday being options expiry on the Comex, and with gold having stayed relatively strong into options expiry, a bunch of long, in-the-money options would have converted to futures positions. So having a big drop today puts huge margin pressure on ...more

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Voltalia Ord Shs