Harmony, Anglogold, Newmont, Normandy, the number of chairs are rapidly being taken and the music is starting to slow...How big is the demand for gold when the hedgers start to cover and the public starts to buy for investment demand? That should be interesting! Who the hell is going to sell? Not me,not the gold bugs, NOT the companies above, they are buying back.
Who is? JP Morgan/Chase and Enron? I think they might be spending their money elsewhere, namely on legal defense funds. What got us here is a disgorging of the Central Bank gold from the Bank of England, Bundesbank, Swiss Central Bank and still the price has been rising, while the above companies where actively selling forward, now for whatever reason, merger, new information, they are buying back. WHO WILL BE THERE TO SELL? American Barrick and Placer? Ashanti maybe? |
