Loading ...maddog – agree 100%, they just sit on this stuff all day, every day. Unlimited selling sits on the ask. Same with GLD and SLV, GLD all day was up $.01, then immediately hit for $.01-.02. SLV could never get off the ground. I don’t really see any end to this unless China or Russia or BRICS back their currencies with metals.
NEMO – exactly. Who counts the votes? It will be an absolute miracle if the Swiss referendum passes. 100-1 chance IMHO.
BTW, CNBS is talking about the referendum as being a “big event”. All that means is that when the referendum fails, gold will be smashed like nobody’s business.
R640 – the Crimex will not default and nobody will stand for delivery. GOFO be damned.