In edit, what happened? Just hit with EXPE here at $78.53 (and my bid was $78.56 a bucker under the last sell). At the same time, hit with the bu$$ at $19.02/03 for the half bucker discount. In reedit, just dumped the EXPE here at $79 flat, not wanting to be caught in an EOD swoon..not enough for the daily double bucker on that one (g). No sense being a hero here, out of the second ECL here at $25.02 with a bucker plus...
You may of course be right, but Germany increasing its sales of gold increases the supply side and with the improvements in extraction technology, the last few years have seen constant supply increases against a decrease in overall demand. If your thesis is based on major inflationary pressures in the near future, your approach is rational, but for the next two years, I don't see major inflation, thus the differences in our opinions. Of course, the dollar pricing of gold is a separate issue which also affects the price, but that is part of another discussion (g). CDWC went at $47.52 for a minor $.08 loss.. ERTS also removed at $82.90 this time just $.14...
