Wednesday, August 24, 2011
As For Gold/GLD
Like I always say, we can see what they are doing a lot of the time, but have no idea why they are doing it and they are much further along the information curve then we are. This is apparently why Gold has been in distribution over the last week or so, CME hiked gold margins by 26% and two weeks ago hiked them by 22%. Plus the Shanghai margin hikes, like I said, market manipulation is going global as these exchanges are bought out. So we weren't crying wolf over nothing and anyone who listened over the last two weeks probably isn't down on their GLD position tonight.
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