posted on Jun, 2 2010 @ 03:27 PM
reply to post by behindthescenes
It doesn't sound like that to me.
They are basically double shorting Euro and hedging themselves with the dollar.
They are basically hedging themselves in the longrun, which is obviously pretty smart. In the long run when the dollar gets higher gold goes lower
and vice versa. Right now we are seeing a divergence, but this is temporary and they know this as well.
Gold is fueled by retail buying * me included * and if you study commodities this is the run that all commodities have at least once in their history.
It is just "gold's turn" literally.
When this gravy train ends for gold it is going to take the elevator down and fast. Just don't be last in line to get out when JP and Friends
decides it is time to drop the hammer.
6)You name it
[edit on 2-6-2010 by GreenBicMan]