POG

[speedymeadie]

Hi All. Several mths ago i stated "i expect $1900/oz to hold" I was wrong and today we sit just above $1800. Looking at the COT report i see the bullion banks have reduced their short position by 50% over the last few mths. This may not be the low and there is room for further, false bullion bank led, falls. This manipulation to the down side will end when the COMEX and LBMA are overwhelmed with physical buying. The flight into physical metals (gold and silver) has already began with India at record levels of buying and many central banks around the world increasing their holdings. ATB Speedy

[Bottle Rocket - Liam]

Topic moved to gold, silver and copper.