Bad Moon falling

Bad moon falling

Gold is falling for a few reasons but a major one is the simple reason that some of the big boys are in worse trouble than we have yet learnt. Wall Street firms with gold reserves got out big time when gold hit $US1000. They had to. They had made 30 per cent in no time while their other portfolios had lost that amount. Calls were coming in. They were desperate and they jumped. Just like the punter who sells his bet before the fight or the game is over for the certainty of the cash some big Wall Street firms are so deeply in they have to get out with whatever profits they can to satisfy or prevent margin calls.

Then, gold staged a recovery and those who had not jumped ship at $1000 fled at $930 happy to take their profit. So the weak are being cut out, the chaff is blowing in the wind. Now the serious guys can get down to the serious business of seeing who has got the biggest and who knows what to do with it. Gold is better of for their absence. But who is next to go? Don’t miss the next exciting episode when…