2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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

GLD 421.29

-0.5%

Jan 16 4:00 PM EST

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To: TobagoJack who wrote (101597)	6/26/2013 6:49:11 AM
From: Riskmgmt	Read Replies (2) of 219500

I wish you the best of luck with the mining venture. As far as hedging gold goes "am hedged w/ platinum and hk real estate :0)" Platinum is not a hedge when they are selling the metals. HK real estate maybe a good investment but doesn't necessarily hedge against long gold positions. Gold just broke though 1,2 50 support. 1,220 is the next support. We are due a bounce somewhere soon so I hope it's at this level and the 12,220 holds, otherwise we may see it in the 1,100's. No sovereigns stepping up to buy this time in fact India's finance minister is trying to curtail buying: bloomberg.com On gold, I am happy that all my appeals are being heeded partly by the people of India.... Net gold imports averaged 135 million dollars a day in the first 13 business days of May.... However, in the subsequent 14 business days, it averaged only 36 million dollars. So gold imports have sharply come down, but I would be happy if they come down even further. I continue to hope and dream. Suppose we stop gold imports ... suppose the people of India don't demand gold and we don't have to import gold for one year ... the whole situation will so dramatically change. Quite a contrast from 2009 "Oct. 14. India purchased the gold at an average price of about $1,045 an ounce, according to an IMF official" R.

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