Re: added some gold related positions today, managed leverage approaching 9-1 now...\
Yep, many naively think this Gold/Silver move is fully predicated on default, not even close
most of it being driven by expectation of massive QE3...note Treasuries, Gold, Silver higher, dollar down, equities however conflicted
also China with a mere 1.7% allocated to Gold with respect to forex reserves, have to assume they're buying big again right now with US credit rating under review and prospect of another round of dollar printing....that China gold allocation going to 10% over next several years
Share This Post:
LEARN TO MASTER THE MECHANISM OF THE MARKET
http://www.matrixanalytix.com
------------------------------------------------------------------------------
"I recognize that I may be wrong. This makes me insecure. My sense of insecurity keeps me alert, always ready to correct my errors."
"The prevailing wisdom is that markets are always right, I take the opposite position. I assume that markets are always wrong." George Soros