NOW THAT KACKALA LOST WHICH OF THE FOLLOWING DO YOU MOST EXPECT
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Silver up 70 cents Gold up $20 That late sell of in PM Stocks yesterday was obviously Emotional
This will surely lead to an almighty short covering given the COT numbers? Unless they’re all waiting for the 666 Armstrong low?
Incidentally, the other benefit I am noticing with my Rocks is the CAD + AUD appreciation against the EUR.
The Commercials are mostly hedged is my understanding…they are not for the most part speculating
They simply sell forward their production (Miners) as the price rises
They are losing because they could have sold this future production at higher prices but hedging is still considered prudent
But Unlike Speculators they needn’t panic out of shorts…That is my understanding ….but I don’t know for sure
So glad I have Spock and Plunger to keep me focused. I was nervous yesterday but up so much it made it tolerable.
We are just getting started. Both Plunger’s and Spock’s articles have a calming effect.
This will surely lead to an almighty short covering given the COT numbers? Unless they’re all waiting for the 666 Armstrong low?
Incidentally, the other benefit I am noticing with my Rocks is the CAD + AUD appreciation against the EUR.
The Commercials are mostly hedged is my understanding…they are not for the most part speculating
They simply sell forward their production (Miners) as the price rises
They are losing because they could have sold this future production at higher prices but hedging is still considered prudent
But Unlike Speculators they needn’t panic out of shorts…That is my understanding ….but I don’t know for sure
So glad I have Spock and Plunger to keep me focused. I was nervous yesterday but up so much it made it tolerable.
We are just getting started. Both Plunger’s and Spock’s articles have a calming effect.