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Gold bugs look away!

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  • Gold bugs look away!

    Can't even bring myself to post the link...Jim Puplaver is WRONG
    Mike

  • #2
    Re: Gold bugs look away!

    You're gonna be here all day if you start listing off economists who are wrong.

    Gold's on sale right now. I'm not reading anymore into it than that.

    Comment


    • #3
      Re: Gold bugs look away!

      Can't see what you are talking about Mike....how about a link?....Pretty please???

      Comment


      • #4
        Re: Gold bugs look away!

        http://apmexdealer.blogspot.com/2008...-sold-out.html

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        • #5
          Re: Gold bugs look away!
          Shock and Awe at COMEX
          BY ROB KIRBY

          This past Friday, Nov. 28, 2008, was first notice day for delivery of the December COMEX [a division of NYMEX] gold and silver futures contracts which trade on the New York Mercantile Exchange. The chart appended below shows that on Friday, 8,600 gold futures contracts @ 100 ounces per contract [and 3,040 silver futures contracts @ 5,000 ounces per contract] were delivered. To try to give some perspective to these numbers the previous delivery month for gold futures was October, 2008 when there were 11,554 deliveries for the entire month – a “big” number by historical standards.

          http://www.financialsense.com/Market...2008/1201.html


          Because nothing happened,yet?

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          • #6
            Re: Gold bugs look away!

            I find nothing wrong in his assessment currently. We will just have to wait to the end of the month to see how everything plays out.

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