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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (207791)	12/16/2011 9:48:12 AM
From: Veteran98	Read Replies (1) \| Respond to of 312987

There were quite a few articles last weekend suggesting that POG was going to get pummelled this week because of low lease rates and now they are suggesting that this is going to reverse. Mostly beyond my comprehension but we saw the pummelling so are we now going to see the big rebound ??? As Gold Rebounds Over $1600, Some Thoughts On Why The Liquidation Snapback Is Here..... zerohedge.com CONCLUSION…The movements in the bases confirm that the recent downward move in gold against Dollars was as a result of Dollar funding pressures. Gold was lent on the swap against United States Dollars. This swap must be unwound and where a bid for gold was sought to raise Dollar liquidity, an offer of gold will be sought to unwind the swaps. The co-bases for Feb-12 and Apr-12 gold contracts are starting to advance – an exceptionally bullish signal following the selloff and a sign that physical buying is being prompted by these lower prices. It would be very prudent to accumulate gold against United States Dollars aggressively over the next fortnight.