Around 1m Friday, 0.5m Thursday, 300,000 Wed, 1m Tuesday, nearly 0.5m Monday, 0.5m today - using a simple rule of thumb, rating sells as the computer has deemed them, that's 3.8m
2.5m equals 1% - Oh, well maybe it's not that many percentage wise. The re-rating was done very quickly. not sure how this works, I mean the mm's want to get as much trading as they can so they dropped it quite significantly and this was the way to find an equilibrium between buyers and sellers, presumably. I'm sticking with my 'shorting' theory which I will check out around the 4th June when I have May data.
at the end of the day its "supply and demand"...both are there,so thats the main factor...... ok the dollar aswell.lol... az for gold being a bubble,that burst two years ago at $1900...so thats out of the way....... if it does test these rumoured lows,then ide of thought it was just a short term blip and it'll settle somewhere at a reosonable level,but no where near $1000 that some think,half the gold producers would go bust if that happened..?...........to me"supply and demand" will dictate the way forward.........
ime from scunny,ime envious/jeleous of you southerners,me being a commoner n all that...... regarding gold,last weeks fall was attributed to the strong dollar(understable) and the outflows from the gdx,thats the the bit that gets me,the big outflows started about 3/4 months ago,in essence paper money,but why?.... supply is there and physical demand is there,so why the outflows from paulsons gdx etf's..(it dosnt make sense).... enigma?...
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