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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 362.31

-1.8%

Nov 4 4:00 PM EST

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To: TH who wrote (12630)	3/18/2008 6:42:23 PM
From: ItsAllCyclical	Read Replies (1) of 29622

I don't think they really care about stopping gold, they just like to put on a show during CPI or Fed meeting times. Otherwise looks like they have other more pressing things on their plate. Right now gold is to a certain extent the Fed's friend in showing that enough liquidity in the market (whether true or not remains to be seen). If we had falling gold in this environment I'm guessing we'd hear some whispers of deflation among the traders. Either way I just don't think it's that important overall compared to the Dollar, banks and other base commodities. Agree today was intervention and I held as well. Shouldn't last but a few more days at most.

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