Picking the bottom…

Posted | 15/07/2013 / Views | 1874
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Many argue you should leave this to the monkeys… What we are observing however is last week gold had its largest weekly gain since October 2011 and our trading picked up markedly.  The transfer of physical bullion from weak (speculators, HFT’s, paper traders) to strong (long term holders of physical metal balancing their portfolio) hands has been spectacular.  If you are in to technical charts, most of them too are saying the turn has started and the fundamentals for a good rally are strong, and especially so for silver.  Throw in too, near consensus the AUD will drop from here which just turbo charges any gold or silver investment now… BUT there’s a reason we leave it to monkeys to pick their bottoms…