The Really Useful Gold Thread

How about another explanation energyi - the Comex shorts & big hedgers are massively offside their positions after a near $200 rise in gold from the lows and year end approaches, time for credit committess to renew their books. Would be nice if those loss positions suddenly shrunk on year end wouldnt it!

I have no doubt that we will see gold higher in January, despite all the fiddling going on right now. When the big money gets back in town and gets to work the market will resume its upward trend.

Gold shares are sold out and have discounted all these recent moves a long way off. My feeling is that they will lead the way in 2005.