Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: rubbersoul who wrote (11438)	11/12/2009 10:40:27 PM
From: Wade	Read Replies (2) of 48092

He pointed out: "But in contrast to month-ends in past years when there would be essentially a straight line drop, someone came in and bought the dip at $1050. In other words, gold is a much different market over $1000 because of all the new players being attracted to gold. As an example, Comex open interest has surged from earlier this year. We can therefore conclude that the gold cartel has its work cut out if it aims to drive gold lower this month-end. In other words, there is a lot of money on the sidelines waiting to buy dips that could derail the gold cartel’s plans." Chinese still want that 203 tonnes of gold. <G>

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