Shorts still attempting to hold down juniors will fail. JS

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rufdiamond

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Shorts still attempting to hold down juniors will fail. JS

in response to

Re: "one of Canada’s highest-grade gold discoveries in years"

rufdiamond

posted on Nov 06, 2009 03:02PM

Gold traded above $1100 this morning.

The US dollar is not a safe haven regardless of what F-TV tells you.

Gold is headed to $1224, $1650 and then on to Alf’s numbers. Shorts still attempting to hold down juniors will fail. Majors with huge short of gold derivative losses have endangered their balance sheets, and will take action to repair them which dilutes assets and represents a loss.