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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Thursday, 6 November 2014

Dan makes some good points about "gold bugs" and trapped longs here,even though I do agree with their argument that gold is heavily manipulated by central banks  and that the long term outlook is very bright

http://traderdannorcini.blogspot.co.uk/2014/11/the-west-greets-gold-with-more-selling.html
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5 comments:

  1. Anonymous6 November 2014 at 16:52

    Why would the long-term outlook for Gold be very bright? What facts in evidence support such a view?

    ReplyDelete
    Replies
    1. Chartrambler6 November 2014 at 18:14

      cant believe thats a serious question....lol

      Is that you Wags ?

      Delete
  2. Anonymous6 November 2014 at 17:15

    Norcini missing the boat again. Fabulous buying opportunity, yet he's stuck on how bad things are. He should focus on thing he understands. W

    ReplyDelete
  3. Chartrambler6 November 2014 at 18:13

    he is talking about trapped longs in the futures market.These guys cant hang around waiting for one of the exchanges to default on delivery,as he says,they are getting margin calls.If youve bought phys and have no leverage and are patient it is a different matter

    ReplyDelete
  4. Anonymous6 November 2014 at 19:32

    Thanks for the clarification. We are looking at CEF here, as target for some funds that won't be converted to phy. W

    ReplyDelete

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