Gold is dumping.

ever wonder why gold can't manage a greater than $12 move up.......

“central banks stand ready to lease gold in increasing quantities should the price rise.”

who said this? Big Al Greenspan, July 1988

no reason to believe this policy has changed since central banks want to dump gold since they can't make constant money off of it............

since central banks dont show profit and loss, they seem not to care if they have 1000 tons of gold or none
 
NEM already gave back all the gains it made last week. This doesn't bode well for gold prices moving forward imo...
 
NEM announced that they will issue $1 billion worth of convertible notes so the arbitrage is short the common at the conversion price and buy the convertible to get a near risk free look at the yield

that's why NEM common is dead for now
 
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