Solid foundations. New horizons.

Free
Message: Hedge funds still pressuring the shares

Gold $1590.90 UP $16.60

May 18, 2012 16:20 NY Time

Gold/XAU Ratio 10.77

Yesterday, the rising gold price brought buyers to the pm shares with the Index hitting 10.40 but with a continuing higher gold prices today, the hedgies have taken the shares down on a relative strength basis to a last of 10.77. The Index is derived from dividing the XAU Index into gold's last sale. It's almost like there is a plan and the hedgies know what gold will do next week. I wonder if they are getting tipped off from members of the President's Working Group on Markets? Some hedge funds have attended meetings in the past.

This is what made the Rothchilds so wealthy, acting on inside information.

Share
New Message
Please login to post a reply