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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: RonMerks who wrote (3910)11/29/2006 5:27:38 PM
From: belugas  Read Replies (3) | Respond to of 50742
 
SOTB

If China, the government, cannot buy huge quantities of gold because of owning too many dollars, then what about the people of China. The new found wealth that many have, the high level of savings. What happens when a few billion people want to buy a few ounces of gold? Your thoughts?



To: RonMerks who wrote (3910)11/29/2006 6:34:16 PM
From: Box-By-The-Riviera™  Respond to of 50742
 
you're kidding right?

gdx, slv, hui, cef, barely off.

man, you bugs are nuts.

that in the face of a dollar bounce, and a market bounce.

that's unusally constructive action in and of itself.

if the metal is too hot, don't touch it, but at least get an education.



To: RonMerks who wrote (3910)11/30/2006 11:24:48 AM
From: Fun-da-Mental#1  Respond to of 50742
 
Ron, I think your question has the answer already in it. If sentiment was as bullish as you can ever remember, that means everyone with an interest in buying gold had already bought. With no new buyers the price has to go down. Furthermore, if that kind of sentiment wasn't enough to push gold to a major new high, it means there is less money in the gold market than there used to be.

Fun-da-Mental


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