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Message: Comex Gold up $17

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rookieprospector

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Re: Comex Gold up $17

in response to Re: Comex Gold up $17 by rookieprospector

posted on Jul 01, 09 05:15PM

I know I should wait a couple hours and see what happens, however I am compelled to express a little wish I have for gold.

The NY markets closed up $13.30 today, not surprisingly below $940 by a mere dime. My wish is that the retail investors in Asia that for the first time in generations can legally hold gold will arise from bed and view this move today as a strong buy signal. China has even helped it's citizens by making it easier for them to access gold markets. This "perceived buy signal" will flood the Gold market with buy orders forcing the big boys to take their collective fingers out of the proverbial dyke. I can only wish and anxiously wait.

Be carefull though, could be yet another trap

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