woody

I reckon it'll sneak through.Too much bad news elsehwere today! Still seems strong although that could look like wishful thinking in a bit :-) W

I was toying with going back in this morning so kicking myself now too! Just closed my eyes and done so in a small way on the back of the Morgan Stanley prediction and the bull case that put me in last time! in the money now but hoping to play most of it through gold and silver positions renewed over the last week or so.

Looks more like the shorts being squeezed to me

According to CNBC the stats are fine if you ignore teenagers :-) Gold moving nicely ahead nicely now although it did settle back. Look at Crude too: +$9 in 24 hours. All very positive for gold. W

Hi Cuthbert, I think you're right. This is the P&F for the UK ETF (PHAG.L). Good support just north of $16.50. Still in a short-term down-trend which we need to break out of but I'm as long as I can be for now at least! Edit: Forgot to mention that trade is also heavily to the long side this morning. Like by 30x. Woody

Hi folks, Silver and crude were nicely up yesterday. Looks like that is continuing, especially with crude, and with Bernanke's 'king $' words fading from memory the $ seems to be on the slide too. Looks like gold has joined the party today and we're set for a bit of a rally. Hope so as this choppiness hasn't been fun! BTW, does anyone have any thoughts on 'king $' becoming election rhetoric? From an outsiders perspective it strikes me it'd have appeal amongst voters even though the economy needs the opposite! Woody