For the moment gold holding at 1203 should improve later, fingers crossed
RE will it hold 51. Gold hovering around 1200 SP down ,
Fed stops QE in favour of buyin gold ,surprise surprise, not. So this stock on the way up bigtime hopefully. Elliot are not stupid, nice little earner this one if you took the risk !!!
Sounds like the fed has bought back enough yellow metal on the cheap to satisfy its currency value for the short term. be interesting for the next few weeks to watch the price and when they decide to to dump it all again
Fed ends QE. Be interesting tomorrow, Or will it ?
And on top of that they are manipulating the oil prices down ,just as with gold, With oil claiming self sufficiency by short term shale gas drilling, which is both expensive and contaminating. Those drillers will not pick up the final bill for compensation ,as in BPs case they will be long gone and insolvent. USA is desperate to maintain the dollar as world currency ,but without the gold to back its massive QE will do anything to cover its manipulations. Discuss.!!
Chris 47 Arsenal 17.. Its not that BP are weak or vulnerable. The Yanks have in for them for getting closer to Russia, Rosneft.
Pity the lse guys an gals dont seem to use this site more along with iii would broaden views , and widen knowlege base !!!
Re, Court date. It has been quite clear the final is not before April 2015, this has been re-iterated by CEO Joseph on more than one occasion. This sounds realistic the way the courts work, not just there in my experience.
RE China gold. This ts all old news and views. As for the yanks gold reserves ,they refuse an audit, Read Have the usa any gold, again old potatoes. Could be the fed does everything it can to keep prices low ,So they can buy back as much as poss , Manipulation of course .but it goes on in the ftse every day, The fed most certainly not change its stance, That would be the death of the dollar and QE. The States would be bankrupt .though it most likely is now. Then would come total world trading caos, End of sermon !!