Hello KJC, My read is that, just like the good old days when currencies were backed by gold, the metal changed hands from deficit countries to surplus nations, from weak to strong hands, and so all is as it was meant to be, the metal will continue to do its natural thing, going from the weak hands to stronger players.
Should the central banks sell and sell at 325, it would simply encourage me to buy, and buy much more, as it indicates the desperation of the situation of sellers.
In 1998/1999, I was happily playing with NEM puts/calls as the share tanked, just as I am merrily toying with NEM now :0)
Remember, crisis is a partner, and volatility is a friend. The direction of the price is not as relevant ;0)
Chugs, Jay |
