2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 374.22

-0.2%

Nov 21 4:00 PM EST

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To: Tommaso who wrote (76496)	7/17/2011 9:49:02 PM
From: 2MAR$	Read Replies (1) of 217975

well Ag & Au responded to the traders seeing more risk on with Italy & further domino in Euroland , then the headline verified this with the debt ceiling starting up in earnest not that anyone didn't know it wouldnt . But right as you see them both do those last pullbacks there were many forex traders thought the Euro/Usd trade would see the dollar break up . All this just 2wks ago.... & they also thought silver might even lose that bottom channel support it had been trading in with lower tops all summer...that could have seen a break to $30 . Things changed in hurry & whole lot of trades were piled back into hedged PM's ...traders ultra sensitive in here to every new wrinkle ripple . This will be an extremely busy few weeks coming up with earnings they need to get this market up, will they really wet their pants after the ceiling is raised ? Prolly...lot of lowballed earnings coming up too. But both bounced & silver held that $33.50 pivot exactly like a champ ...then Ben hinting at more easing last tues lit it up even more, then he backtracked so now both are back testing top of channel in quik order . I formed the thesis early back in May right after that correction & 1rst bounce off $33 that a channel forming "feeling" $39 would be the new top which turned out to be very profitable the last 6mos. Message 27497250 just for a fun read was looking at this piece of Treasury letting the Fed hav a $100bil worth of Au to pay debt down with ...its just sitting there & some atually entertaining this. Treasury Should Sell Gold Reserves to Pay Down Deficit seekingalpha.com

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