Wednesday, October 28, 2009

BONDS, YEN TURNING DOWN, STOCKS, EURO, OIL TURNING UP...GOOD FOR HIGHER GOLD


THE PRESSURE IS ON GOLD BY THE BULLION BANKS
IT MAY HAVE BOTTOMED HERE, BUT THIS RALLY IS
WEAK ON VOLUME. WHAT HAPPENS BEFORE, AND ON,
THE CRIMEX OPEN WILL BE SIGNIFICANT. IF GOLD IS
BASHED DOWN FURTHER, IT WILL BE A SIGN OF TREMENDOUS
WEAKNESS IN BUYERS WHICH WILL TAKE SOME TIME
TO HEAL. ALTHOUGH KNOWLEDGEABLE BUYERS KNOW
WHEN GOLD IS A BARGAIN AND SOME FUNDS SHOULD
BE MOVING INTO GOLD AT THIS LEVEL WHICH COULD
RAISE THE PRICE SUBSTANTIALLY. THE PRICE WILL BE
FOUGHT ALL THE WAY UP BY THE BULLION BANKS FOR
THE GUV'MINT