This past week we witnessed a massive attack on gold.
Essentially it failed. The demand for physical is just completely overwhelming any efforts to get gold to break down.
Its not in a bear market. Not even close.
I was fairly pleased and even pleasantly surprised it got as low as it did for as long as it did.
A major gift from the gold gods.
I sort of hope they keep trying.
They are building for all of us layers upon layers of granite foundation that will never again be penetrated, let alone closely broached.
Great commentary and insights on this over at JSMineset. Dont worry. If you haven't been following it, you wont likely trust it or believe it. But that's your problem, not mine. If you want your eyes opened, then maybe you are salvageable.
They tried, but couldn't take it down
Started by
nimblebear
, Apr 06 2013 02:48 PM
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