This thing has been grinding higher, grinding up gold bugs and merely putting a little pressure on regular stock players. It is now getting up toward a resistance area and becoming over bought. Interestingly, there has been nothing impulsive about the rise, which is definitely an exception for this wild man.
Is it sneaking up in anticipation of a real liquidity event or getting ready to reverse with an asset market bounce. Damned if I know, but I have rarely seen the GSR just grind higher in such a regimented fashion.
http://www.biiwii.blogspot.com
http://www.biiwii.com
Is it sneaking up in anticipation of a real liquidity event or getting ready to reverse with an asset market bounce. Damned if I know, but I have rarely seen the GSR just grind higher in such a regimented fashion.
http://www.biiwii.blogspot.com
http://www.biiwii.com
I am sure you are aware of this Gary, but lurking around the various gold blogs, I can tell u things appear to be getting "suicidal"
ReplyDeleteThe only thing bothering me PK is that there is a lot of bottom... not really calling, but bottom probing going on.
ReplyDeleteHell, the way things are closing today, we may even see your low 300's on the HUI by tomorrow on a good, old fashioned pukefest.
ReplyDeleteI am sort of counting on it. But am 'in' just enough to be getting little paper cuts all over me now.
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