Member Info for tawse57

http://www.marketoracle.co.uk/Article51530.html

This should fall through the floor this morning.

You have posted countless posts over on the HOC forum - why not share with us the info here?

A lot of people are going to be looking for that bounce so will buy... but with copper and iron prices heading down this it is very hard to see why RIO and Co aren't going to go a lot lower in the coming months. The best hope is some form of QE from China. Only China can save any of the miners now.

Yep, might have a little bounce for a few days but this looks like heading down. Maybe we should be looking at £6.00 for FRES?

Going lower IMPO.

10 bucks? I think the 2 or 3 big bullion banks wish to drive the price of gold and silver down considerably. At the same time they appear to be buying as much silver, and probably gold, as they can. IMPO, once they have driven it low enough and have got rid of the last gold/silver bulls, they will turn it all around and the metals will soar. At which point the money they will make will be staggering. But I think they are taking it down much further yet - read those Clive Maund articles that I posted. Just my two cents - not investment advice.

Very bearish. http://clivemaund.com/article.php?art_id=68 http://clivemaund.com/article.php?art_id=67

Copper Crashes, In Danger Of Breaching 15-Year Support Level http://www.zerohedge.com/news/2015-07-06/copper-crashes-danger-breaching-15-year-support-level

I think they are going to drive both gold and silver down much, much lower - until even the goldbugs lose faith, I think the USD is about to trend back up also.

All the forecasts are for copper and iron to go lower in the next 12 months as RIO and BLT, allegedly, try to drive their competitors out of business. I don't think we will see this bottom until we begin to hear about the small and medium sized Aussie miners going bust in significant numbers.

Gold closed below 1170 - next line in the sand is in the 11130/1140 region.

Looks like it was when the Chinese stockmarket started heading south.

Alas, last year around the 13th August 2014 didn't see much upside before it headed down further.

Been on holiday - what happened on June 24th that saw RIO, BHP and Co all head down sharply?

Nice bounce for Questor back in May and then down, down, down.

Really? Seriously? The biggest bullion bank? Trust them on where they say gold or silver are going?

Worth a read http://clivemaund.com/article.php?art_id=67

USD dipped and metals went up a bit. Personally think it is a selling opportunity before metals head back down. I think the USD is going to get much stronger in June.

Big bullion banks went massively short on silver and also on gold according to Friday's COTs.