Re: Lots of bearishness out there, must be a turn
in response to
by
posted on
Dec 29, 2011 04:15PM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
H: If silver is going to lead gold as Strike says, well it's up .70 after being down about .90, a difference of about $1.60 so far on the day, while gold has been down as much as $30, now down $9.90, that's gotta be some evidence for a turnaround. Tomorrow will be a big day to giver further indication whether this is a turn, but whether all this counts between Christmas and new years when the volume is low is anybodys guess. We could be in a different ballgame when the big Wall Street boys return to their offices from their indoor pools and splendid views in the Hamptons next week. And the Europeans will crank it up again for sure, hopefully the printing presses that is.
The impact the pog will have on TDC relates to the timing of the PP, if gold is doing well the PP will be easier to sell and the SP will benefit. It will be a big, happy day when that PP comes through. Ike