"Scuffy, I'm not quite sure I read you clearly. Part of your statement seems contradictory. My point is, if the POG is to drop soon, why not sell to re-buy in the near future at a discount."


I don't know how long you've been doing this, but if you look back to 99, you will see the biggest move in gold in decades happened over a weekend. Monday's open was significantly higher than Friday's close. I strongly believe that gold and silver are at these fire sale levels due only to the manipulation of new jerk and dc. It goes without saying that an ounce of gold has more intrinsic value than a pile of greenbacks.

I notice that many things happen when markets are closed. Most of those that affect markets are human events. Company announcements that greatly affect share prices, Israel invades Gaza, are two recent examples. When the slime in new jerk and dc decide to reverse their positions, I firmly believe it will be timed so that the price will already have moved significantly before us little folk have a chance to buy.

It may very well be possible to sell at say $850 and gold subsequently trades lower say to $775. One may even be lucky enough to buy at that level. But I would rather just hold on and avoid the risk that the price of gold (and silver) explodes faster than we imagine.

I’m not talking about stocks which are just another form of manipulated paper, but physical in hand.

Just a note, if you sold this am at $845, you would already have to pay $16 plus premiums and commission to get your position back.