Zzzzzzz.
posted on
Jan 29, 2008 05:38AM
Yesterday gold tried to breach the $930 wall and could not, this morning it pierced it but no sooner that it did it was sent right back.
The ordinary investor on the North American market is aware and buying into gold, that is why the price has a tendency to rise but too often, like clock work, the dollar's Plunge Protection Team comes in to push it down. The nice thing about is is that the PPT is being worn down, perhaps for lack of ammo or more likely for saving it for more desperate times.
Tomorrow looks like one of those desperate moments when the interest rate is likely to be lowered again.
Today as I write, ValGold still not traded a share. I had to check as to whether it was on suspension for news. No trades yesterday and only 10,000 on friday.
Talk of an unknown entity.