Thursday, January 23, 2014

Nice morning for gold so far

Well, for some dumb reason, gold's back up to $1255 now. No idea why, don't care.

I don't think I'll win my $1280 bet, especially since I'd think the market is going to sell down gold in anticipation of the Jan 28-29 Fed thingie. Though I don't think gold'll get hammered down any more on any Fed news, since that whole "let's hammer gold" thing seems played out by now.

So, given Rio and B2 were both sold down yesterday out of overbought territory, maybe today we'll see them (and the miners generally) go back up today on the gold price move?

Funny how things work out that way.

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