Sorry mate - I said I thought 100p would hold... Whoever called 70p has done very well... My chart didn't spot that one, the analysts know there stuff... Glm
Did you see those trades on Barc after hours? Futures on the way down even though bernanke speech... Coincide stock market correction and call it Black Friday???
ECR is looking good for a bounce by the end if next week.. Easy 20-30% I feel if buy at sub .10p... Death spiral over there and YA smoke and mirrors... Will get pumped for the offload...
Should have a massive effect on the physical market as people start to wake up that they don't actually own any gold and then go to the market to buy physical... Will be a snowball effect IMO, and very positive for gold and silver, silver is my preference...
Excellent find there Langyy... Paper market ready to implode, so many people think that there paper contracts can be exchanged for physical... Paper market is so leveraged, we may just find that there is a lot of coincidence of this occurrence, rotation out of super-charged equities into the bullion market... Would fit nicely in the cycle...
Not liking the height of the ftse one bit, get your shorts on as we are going down under... Too much risk on the table, why risk a 900 point drop for a potential 80 gain... Gla