Recent content by BillyRay1

I thought they traded in 400 ozs bars..

How about uses within the Auto sector ? GM Ford and the rest not looking great in medium term...

I cant believe someone would put a date so specific.....thats just silly..... Gd luck with it !

i heard a fund (in trouble) sold 2mio ozs into the market fromthe NY open onwards....

such stories have been coming out for years..... they should have a negligble effect in the short term imho ETF still buying up both Pt and Pd in good size and taking out of the market...

starting to agree with that - its right on res here on 5 year daily chart at 472/475 holding like a rock though so Id think it will gradually erode the line fundamentally substitution should gather pace from Pt and with Russians telling the market they have low inventories the market will...

there is no answer to this question which is better ? you are trying to compare a banana to a rock

Bank of England sold out the reserves around USD270...master stroke from Gordon Brown

haha yes exactly - i saw something after that news this AM showing how he had called the USD selling overdone end of Nov 07 around 1.47's oops..

Gold peaked and on way back down to 6-700 bucks just on b/berg TV from Jim Oneill head of Goldmans research

yeah i remember when gold was 730 on its way up one large US bank (a super aggressive player) bought 1mil ozs gold put strike 700 basis Feb futures this should come due end Jan and its a large position insurance against a large long position? / or a punt on the downside??.......I have no...

This has never happened in my experience. Gold futures have always traded in a contango (so forward/futures prices are higher than cash) of course, sometimes with the electronic platforms when stops are hit and the EFP is low you can see spikes below cash prices. This is a very shortlived...

seems a fair assumption to expect a correction soon gold long positions are at records highs now 23.5m+ and the Euro running into a long term resistance line from 1998 will we manage to see 750usd cash gold ??

Loza...a little harsh I think having a bad day ? The OP asked a simple question and others replied ....not upto us to advise him on the markets and each unto their own view I think.... If everyone had the same view this game wouldnt be much fun would it

I agree with this failure at channel resistance so we should target support at 635