....adding to the newsletter analysis, worth noting that on more
a longterm weekly, or monthly chart, $USD is right at it's
trendline, and silver is back at its with a 50% retracement of its
entire 8 yr move! And on not that huge volume, even in the
paper.
For me that changes the picture considerably.
Meanwhile physical demand is through the roof - I think this
short covering move is entirely fabricated, and gold season is
here.
well....speaking of fabrication, I think this note on Kitco
looks like a marketing ploy!
IMPORTANT NEW NOTICE:Demand for bullion products
has increased significantly in recent days. As a result, we may
experience delays in supply and possibly delays in processing and
shipping by our vaults. We apologize for this inconvenience and
will do everything in our power to service your orders as quickly
as possible. While cancellation fees still apply, prices are
guaranteed regardless of the length of the delay. We remain
committed to providing you the best service no matter what market
conditions prevail.
Kitco currently has numerous physical
gold, silver, and platinum coin and bar items in stock, available
for immediate delivery. Please call for more information
see this post I put back on Aug 25th!! that was BS, and
gold was well over 800 at that time. When kitco first put
that out, they had it on their website most of August when gold
wells above 840, I hope no one was taken in by that
silver & dollar
Posted by kreem on 25th of Aug 2008 at 02:24 pm
....adding to the newsletter analysis, worth noting that on more a longterm weekly, or monthly chart, $USD is right at it's trendline, and silver is back at its with a 50% retracement of its entire 8 yr move! And on not that huge volume, even in the paper.
For me that changes the picture considerably.
Meanwhile physical demand is through the roof - I think this short covering move is entirely fabricated, and gold season is here.
well....speaking of fabrication, I think
Posted by matt on 25th of Aug 2008 at 02:31 pm
well....speaking of fabrication, I think this note on Kitco looks like a marketing ploy!
IMPORTANT NEW NOTICE:Demand for bullion products has increased significantly in recent days. As a result, we may experience delays in supply and possibly delays in processing and shipping by our vaults. We apologize for this inconvenience and will do everything in our power to service your orders as quickly as possible. While cancellation fees still apply, prices are guaranteed regardless of the length of the delay. We remain committed to providing you the best service no matter what market conditions prevail.
Kitco currently has numerous physical gold, silver, and platinum coin and bar items in stock, available for immediate delivery. Please call for more information
see this post I put
Posted by matt on 11th of Sep 2008 at 01:56 pm
see this post I put back on Aug 25th!! that was BS, and gold was well over 800 at that time. When kitco first put that out, they had it on their website most of August when gold wells above 840, I hope no one was taken in by that
I don't know matt --
Posted by Michael on 25th of Aug 2008 at 02:38 pm
I don't know matt -- long newsletter from zeal this weekend speaking about shortages of national coins all over.
Who knows, probably is. Doesn't
Posted by matt on 25th of Aug 2008 at 02:59 pm
Who knows, probably is. Doesn't help out trading though, just follow the charts