jinbal

You're right This is what we've all been waiting for isn't? Final confirmation that the US will print it's way out of trouble. IMO it's D-day for PM's if this doesn't make a significant impact - what will?

Hmm DOW futures tanking a bit -223 lets see if this continues into tomorrow Smart money using the bounce to unload?

Whats amazed me is that even though I screwed up and bought in at: $905 $970 $950 Instead of averaging in nice and steady like i was supposed to......, my BV account is all but even today which is a reflection of how far GBP/USD has tanked. LOL even with my shite timing I'm now even at $865 Now I've seen that the "spiritual" volatility has more than one direction - I'm much more relaxed about my golden bomb-shelter.

just hit 830

WHA?!?!? $801?

OR the unwinding of their large short positions on PM's causes the exact opposite (assuming they have a large short position on PM's)

I would like to see the gap up filled sooner rather than later though - what do you think?

USD/JPY gapped down 241 USD/CHF gapped down 100 GBP/JPY gapped down @330 same sort of thing happened last Sun - gaps were filled during the day Cheers

Expected -75K Actual - -51K Watch the DOW fly.........

Gold awareness increasing? Telegraph Gold: The precious laggard that will hit $2000 quotes I liked: "The sharp rise in oil and the relatively low rise in gold has pushed the gold/oil ratio to the lowest levels seen for decades. Either gold is incredibly cheap or oil is incredibly expensive on a relative basis." "Gold hit a peak of $850 in 1980 and to equate that in real terms, ie adjusted for inflation, gold today would have to rise to around $2,500 an ounce at present. A rise of that magnitude would also restore the gold/oil ratio to its historic norm." "Previously it was the sale of gold by central banks that supplied the market and helped keep a lid on the gold price." BUT "this strategy is looking more and more like a busted flush. It is unlikely that the UK will be in a rush to sell any more of the Bank of England's gold, not that it has much left to sell. The same applies to many other central banks such as Holland, Belgium and Canada who have been long-term sellers of gold. They have run out of gold to sell. At the same time the central banks of the emergent economies, have become buyers." I liked this article because it gives sensible and non-sensationalist reasons for being in Gold, i.e that Gold's bull run is merely a set of long term ratio's rebalancing and that when this occurs Gold will be at fair value. Cheers