Crimex INC.
posted on
Dec 28, 2011 06:46PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Last trade day today for the December 2011 futures of Gold, Silver, Palladium and Copper. Interesting how it touched $1550 exactly as speculated it would. It would be even more interesting if this is now our new bottom in POG with a nice 20% increase from the last high of $1765 that was set after the collapse of MF Global and the subsequent nullification of all of the clients futures contracts. This was done by freezing margin into a trustee account and telling clients that they would have to send new money to meet the margin requirements. IMHO the surging USDollar indicates the growing loss of confidence in holding European Sovereign Debt. In the real world that I used to live in Gold should be on the rise not only as a safe haven currency alternative to collapsing fiat but it should also be a haven due to escalating tensions in Iran and Syria. WTF is going on? You can assume I am some kind of tin hat conspiracy nutter, however IMHO the world is being controlled and manipulated for the soul benefit of the .01%