Wednesday, March 12, 2014

And yet gold goes up

Well, this second gold's at $1365, for whatever reason. Probably cos Whitey is buying.

And yet I still have a problem with buying:

The juniors have spent the last 3 days not caring, so I'm not excited yet. Downward price movement these past two days is especially puzzling.

I'm also not excited til volume comes back, momentum returns, and that wedge gets broken to the upside. This pause has been going on awfully long and in an awfully tight range.

And if the market thinks the future for gold is so rosy, why does it want to sell Franco Nevada?

Maybe the sellers get proven stupid today. I dunno. But I want to wait and see.

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