well the indian budget is out jaitley slapped a 1% tariff on gold jewelry and raised the tariff on dore bard from8% to 8.75%
so far corrections in the gdx have been 1 day.
the pennant should it continue to take shape and get activated projects to over 1300
i am not doing anything i sold a couple of things and then added to pvg
i have april/may as a correction so i will buy some things then , should the market accommodate me
silver is lagging and not very interesting. its time is later in the cycle. it will have its day. but apparently not yet
its the vehicle the banksters feast on . i have read several reports indicating jpm has a sizable position in silver
yes, i see the commercials are increasing their short positions in gold and it seems to me it will bring on a correction
but when? and how big will they stretch their shorts
for now shanghai is scheduled to open its gold exchange in april. and that will be a positive factor on the market
dharma