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Message: Re: Barbera Wrapup

Oct 21, 2008 04:25PM

Re: Barbera Wrapup

posted on Oct 21, 2008 05:26PM

You've got to wonder now if there are not a team of hedge fund managers, investors, etc at the top who are not planning some kind of an assault on the comex. After all, they have way more at stake than us. Look at Sprott... they have tonnes of investments in juniors and in bullion and funds like CEF. They are just one.

I was going over and over charts tonight and we are at a very, very critical time. If gold does not hold $750.00 on a close, we're going to see $650.00 and although that looks like pretty rock solid support, it could break and then the whole game is over for a very long time.

I absolutely don't think it will break $650.00 if we get there, however a drop from $750 to 650 could take out a lot of players. So I would think they've got to be talking about this to eachother and looking for a solution.


Oct 21, 2008 06:14PM

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