silversurfer
Fly on the Wall
This week in gold we saw attempts to break the 1350-1355 area on the top side. The usually attacks came in(you know who) and down side of 1330-1335 was not broken. Last weeks cot report had a virtually little change in the shorts held by(you know who) on the gold futures market. Judging by the rise in gold today after the reporting period of Wednesday this week, this confirmed to me that gold may remain strong. There are many other factors keeping the gold liquid hot and that is the Russia-Ukraine beef. I was at the pdac mining conference this week and the mood to me was quite upbeat compared to other years. Maybe it was the fact, one of the best things you could of put your money in to this year was, well, miners.
There was also follow up news on china...so basically here in Canada if you can afford to buy a house, we give you a visa. The Chinese love our housing markets and thus they are the most overvalued houses on earth. Unfortunate for me, as i live in Canada, but fortunately this came to an abrupt end earlier this month. There is now a lawsuit being threaten buy the Chinese 1% against our government. So even more money will be poured in to physical gold and gold mining companies.
This is my first post and I will be doing one once a week on Friday. Check out my profile and hedge against inflation.
There was also follow up news on china...so basically here in Canada if you can afford to buy a house, we give you a visa. The Chinese love our housing markets and thus they are the most overvalued houses on earth. Unfortunate for me, as i live in Canada, but fortunately this came to an abrupt end earlier this month. There is now a lawsuit being threaten buy the Chinese 1% against our government. So even more money will be poured in to physical gold and gold mining companies.
This is my first post and I will be doing one once a week on Friday. Check out my profile and hedge against inflation.
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