Gold is up 5.50 in Hong Kong
Not directed to C. Hudson, but just the general.
Up $5.50, down $3.50, up $7.50, down $10.50... and all in Asian trading. Ask yourself this: What is the volume in Hong kong for the spot? What si the daily volume for the spot. Seldom if ever does the volume in Asia matter. Yes it did the other day, not today. I like this thread so much. The hatred of disagreeing people is so prevalent that you base your decision in a way that can be best called mob mentality. The basis for a $250 or $2250 gold is beyond the scoop of OH so many here. What is the FAIR value of gold? None here have answered that. Oh the historical average price is always a comical answer. Yet without a basis in economics the average price is but a false hood set up by beliefs that the US Dollar is the only currency in the world. What is the average price of gold in YEN, Lira, Pounds? To suggest that the only important currency is the US dollar is to neglect where most of the gold is mined, refined, and SOLD. The ignorance of those you laugh and mock when the first person suggest the rally is over, is well hilarious. I have received so many messages today. And I am proud NOT to be one of the asemia.
Hutch
PS: To give credit to GATA is even more funny. Reread the news articles again. What was last week is the same for this week. Same leasing levels, same amounts of gold for sale. I read somewhere that the historical amount of gold from the ECB was around 300 tonnes/year, and yet they are setting the limit to 400? Hmmm But that's just the ECB, not Canada, Australia, USA, and ohhh so many others. |
