Quote:While advising clients to sell gold and buy Treasuries in Q2 2013, it bought a stunning (and record) 3.7 million shares of GLD. And when Venezuela decided to raise cash by pawning its gold, guess who jumped in to handle the transaction? Yes, they claim the price will fall this year, but with such a slippery track record, it's important to watch what they do and not what they say.
Le Squid and its tricks...
I'm bullish on gold, but exercise caution since this fight is never easy.
My long term XAGUSD was stopped out last year at no cost, but I plan to re-initiate gold & silver position soon. Will update those trade, but long term not short term. 6yrs of funny money games by G10 CBs is too long to sustain the game and bonds are flashing warnings...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!