Loading ...Nope. As stated the other day, we were likely to get a bounce here due to increasing bearish speculators buying ETF puts, but unless this persists, the bankers will win and crush the futures speculators again. So if the consensus of ETF gamblers buy more calls than puts today, the computers will punish them tomorrow. (no fundamentals allowed)
They are worried rising pm’s will detract from their all important stock market bubble and implode it.
The bounce might last a few days, but it still looks like sub-$1400 gold is in the cards. (hopefully tight bullion conditions begins to take over after that as this would cause lots of troubles for producers)
Great world we live in … no?
Cheers