Pj

I for one will not get my hopes up on the near term gold price. Before leaving to work this morning BNN was talking about Goldman Sachs and their record earnings from their trading accounts. We are talking billions. They earned well over $5 a share almost $2 above estimates. With all the high tech trading software and light speed execution I don't think they will change their current pattern until we get through the slow season for gold. They seem to have the ear of the Fed, incentive to sell treasuries and an ability to short uncovered without any fear of having to deliver. A recent story I read talked about demanding that traders be required to hold a trade for at least one second, so as to even out the playing field a little. Can't wait, that one second will increase MY odds dramatically. I average about 2 seconds per keystroke. LOL

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