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I'm beginning to wonder if some investors in PM's

aren't sticking there money in PM's over the week-end for safe keeping.

I haven't crunched the #'s but I'm noticing a trend. I'm getting senile so until I or someone crunches the #'s, we better chalk it up to my imagination. image.

Take Cafe, jws
image

Comments

  • jdimmickjdimmick Posts: 9,667 ✭✭✭✭✭
    It seems that way lately, just like in 1980,

    Up on friday, drift low coming out of monday with the lowest being wed /thurs then surge up fri only to sart the week all over again
  • jmski52jmski52 Posts: 22,798 ✭✭✭✭✭
    Are you talking about GLD, or the metal itself?
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    There's enough premiums on buying PM's that I don't think someone could afford to risk losing that premium twice should they decide on Monday that there is somewhere else they'd rather be. Now if you are considering buying paper gold ETF's or even gold stocks to hold over the weekend I'd say that is more realistic. Though after a 5-10% rise on Friday what are the chances that it's not going to back off some early next week? Would have made more sense for the buyer to get in a lot earlier if they had concerns about the safety of "standard Wall Street type" investments.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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