Posted by caddpro123 on 21st of Nov 2011 at 09:07 am
Good Morning
I trade the PM's Gold and Silver specifically. Occasionally I
will trade any sector if the trade looks compelling enough. I was
wondering there is seldom mention the London price action for PM's.
Often this provides another piece in puzzle for the days general PM
price movements.London PM stocks are down significantly today. It
would appear that US PM's will follow suit.
Given the fact that the FED/Treasury has literally
destroyed the dollar it continues to amaze me the power that Wall
Street insiders have maintained over the gold and silver market. At
this point gold should be well north of $5000 just adjusting for
inflation. And yet gold and silver languish at a fraction of their
inflation adjusted all time highs.
I concur. Having spent more time on the long side of
precious metals than the short side, I'll add its been a hell of a
frustrating experience....but when it ultimately breaks higher (one
day it will - no manipulation works forever), it should be one heck
of a move to the upside.
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London PM's price action
Posted by caddpro123 on 21st of Nov 2011 at 09:07 am
Good Morning
I trade the PM's Gold and Silver specifically. Occasionally I will trade any sector if the trade looks compelling enough. I was wondering there is seldom mention the London price action for PM's. Often this provides another piece in puzzle for the days general PM price movements.London PM stocks are down significantly today. It would appear that US PM's will follow suit.
Given the fact that the FED/Treasury has literally destroyed the dollar it continues to amaze me the power that Wall Street insiders have maintained over the gold and silver market. At this point gold should be well north of $5000 just adjusting for inflation. And yet gold and silver languish at a fraction of their inflation adjusted all time highs.
Well stated caddpro123..............
Posted by RichieD on 21st of Nov 2011 at 09:26 am
I concur. Having spent more time on the long side of precious metals than the short side, I'll add its been a hell of a frustrating experience....but when it ultimately breaks higher (one day it will - no manipulation works forever), it should be one heck of a move to the upside.