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Message: Re: gold support....
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Feb 03, 2009 08:31AM
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Feb 03, 2009 08:41AM

I agree woozlecat... no question investment support is what has created the rally in POG. That is a good news, bad news thing. My only point is this "support" is far more volatile than consumer/retail support for POG. These big institutions can turn on a gold ETF in a second... I was much more comfortable with POG when supply was scarce everywhere. Remember when you could go on Kitco in Novemeber and only see two gold products listed... now they are flush again. So as long as we continue with higher highs and higher lows... we are in good shape. Just keep your wits about you... the bid/ask for all the juniors I'm tracking is so thin... this will also add to volatility...

A sign of the times.... maybe the "new" normal for a while.

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Feb 03, 2009 09:54AM
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Feb 03, 2009 10:48AM

tau
Feb 03, 2009 12:14PM

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tau
Feb 03, 2009 03:59PM
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