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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Maurice Winn who wrote (101237)6/19/2013 5:34:31 PM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 218753
 
not from hordes of Chinese wanting cheap gold. ....

so like Mq.. they are NOT part of the supply demand equation ? :O) but really I think gold sinks further .. I posted on this somewhere.. but can't locate it.. essentially .. next time gold rises.. The Indians and Chinese will be sellers (partially anyway... they will not look a gift horse in the mouth..) :O) I think they are accumulating on other's folly.. somehow some thought the Chindians would drive that price sky high for them (non Chindians) to profit off of the Chindians.. but look at what is happening.. Chindia is legging in now.. (and others in emerging market economies..)

$1900 an ounce was profitable but $1400 an ounce is not. .. another thing I commented on previously wrt to oil also.. if it's inflation and you are buying/producing on the way UP.. so do your costs go up...

zero gold stocks.. but legacy bullion position :O)

Jack