PGI getting smashed again today ,,looking forward to seeing the last of these fearful sellers
Did buy a few more my new av. 6.8c confident they,ll be in the money early next year on profitable qtr report
Looking for good to move higher into 2014
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I'll be buying more PGI if its nervy sellers take the sp down to 4c. It's got close today.
ETF Securities: Gold Forward Rates Signal Strong Demand
Monday October 21, 2013 9:18 AM
London Bullion Market Association gold forward rates have turned negative again, highlighting an apparent physical gold shortage, says ETF Securities. “It is interesting to note that LBMA gold forward rates have again dipped into negative territory, highlighting that physical demand – possibly from central banks as well as short covering – remains strong,” ETF Securities says. “This tightness has continued into the new week, indicating this was not solely short-term pre-debt deadline hedging and post-agreement short-covering demand. It seems clear the fact the U.S. debt issue has not been resolved, but only postponed, is accelerating central banks’ and private investors’ search for alternatives to the U.S. dollar as a reserve asset, with gold one of the few viable alternatives.”
By Allen Sykora of Kitco News; asykora@kitco.com
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almost time to post another picture of Liberace.
Good run overnight some fat profits for the bargain PM shares brought of late ...us jobs growth heading south at a rate of knots.... Q.E min till early 2014 ... IMHO Q.E Isn,t going away for along time
US economy takes a hit with bad job growth stats--will this give the share market the wobbles?
The experts can blow all the hot air they want,but when joe lunch box loses his job--that aint good for the economy.
A month ago gold was looking to be on the back foot and the us economy some thought was on the mend--now ehhh not so sure about that US economy (again)
Next report on Nov 8 will reflect the impact of the gov. shut down--not looking pretty ATM.
At this stage ,they would be fool hearty to consider tapering in the short term--so on it goes ,between a rock and a hard place.
Gold merely reflects this situation
SPDR Gold Fund down another 12 tonnes in the last 2 days, the selling is increasing.
Meanwhile the S&P500 +22.32% YTD.
Gold YTD -21%.
Stick with it boys, the bankruptcy laws aren't as tough as they used to be.
So what do you goldbugs and antigoldbugs think of the two sudden jump up of the gold price in the last two weeks.? From me it seems to show some big money source taking an early stake before others get in . Thoughts as very interesting jumps both seeming to be a latter type formation.
Poor Skol....with the 'no taper' story set to extend through the next Fed meeting and onwards, it's a good time to be holding gold and gold stocks.