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:
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.