Sure is quiet around here, and I like it.
posted on
Feb 06, 2008 06:42PM
Gold and silver got themselves hammerd the last few days and our share price has dipped a bit, perhaps as a result of this PM sector lead.
But that is not why I like it here.
I just spent the better part of two hours reading posts at Stockh-ECU board and I had to hold myself quite literally back.
I could not believe that some of the people, due to whom I was returning there respecting their commentary, they were at each other's throats because of one thing or the other.
It just took a few, or more likely just a couple but operating under several aliases, to disrupt the whole board.
It was the negative crowd starting a few months ago with the mud slinging but because the rest stayed in and duked it out with them, now this remainder got some mud thrown at them and they are now swinging not as much at the instigators as at each other. A newbie can hardly tell the good guys from the bad, or is it the other way around.
That is why I am glad that the management of this board insists that we all respect each other's opinions and behave like the adults we should be. It is my hope that more of the people there who prefering, or expecting, better behaviour wake up and move here.
Returning to PMs, gold was pushed to below $890 early on the day ( probably in Europe) but the Cartel having used up some of its energy gave us a respite and gold like a submerged cork in $900 water bobbed up to over $905 and settled at about water level (thats $900). As I write just before midnight eastern time it is at $901 (silver $16.50).
With a little push from eastern Asia it should stay above the $900 level until the London market wakes up.
I suspect the dips of the last few days were part of an effort mainly due to the 'Super Tuesday' and reaction to the Washington ad by GATA in the States. With both over perhaps it will return to what looks like the norm which is solidly above 900.
Ever patient and still cheerful.