AI
Sunday, May 22, 2011 7:58:45 PM
vp, thanks for this info. i'm wondering if soros not only sold his gold futures but went short at the top (1575), as the chart got hammered after his exit. while spot prices may recover, near term, i'm thinking we might see a bottom in mid-summer**. i'm sure soros will have accumulated even more mining stocks by then, and may go long in his futures position to increase overall leverage.
wouldn't it be fun if you could make a market like that?
** tonight the dollar index is up along with precious metals, probably due to euro debt crisis issues. this may not resolve for a while yet, which underpins USD.
wouldn't it be fun if you could make a market like that?
** tonight the dollar index is up along with precious metals, probably due to euro debt crisis issues. this may not resolve for a while yet, which underpins USD.
