gold price explosion imminent

  1. 9,081 Posts.
    Le Metropole Members,

    Gold up $2.50. London closed.

    I had not planned to do a MIDAS, but will do a short one
    later. Too much happening of importance. JP Morgan
    Chase and Millennium, which often does business for the
    bullion banks, are the featured gold buyers this
    morning. Keep in mind the gold loans are in the
    neighborhood of 13,000 to 16,000 tonnes. The big shorts
    are TRAPPED! They cannot cover their positions at these
    price levels. Look for a gold price explosion any day
    now.

    MIDAS

    and this:

    26/12/2002 12:48:11 PM ET

    Breaking News Bulletin: Gold tops $350; mortgages hit 37-year low
    Latest News: http://cbs.marketwatch.com/news/default.asp?siteid=mktw&dist=bnb
 
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