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Gold quietly goes above $1900 again
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<p>[QUOTE="InfleXion, post: 1262649, member: 29012"]$800 to $300 (gold) is nowhere near the magnitude of $50 to $3 (silver). That would require gold to have been at $5000 to be on par. It's just a matter of cycles for the rest of the PM's. </p><p><br /></p><p>There was no GLD or SLV in 1980 so I don't have the data (there were no shorts and longs at the time), but it's common knowledge that the Hunt brothers ran up the price of silver by buying so much and ended up losing around 80% of their fortune. All I was saying is that today the shorts are greater than the longs, and back then there was more buying than selling otherwise the situation wouldn't have happened the way it did. </p><p><br /></p><p>I only said PM's have to go up if the shorts and longs today equalize. Currently the shorts are greater than the longs, so if they were ever to be equal the price must rise.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1262649, member: 29012"]$800 to $300 (gold) is nowhere near the magnitude of $50 to $3 (silver). That would require gold to have been at $5000 to be on par. It's just a matter of cycles for the rest of the PM's. There was no GLD or SLV in 1980 so I don't have the data (there were no shorts and longs at the time), but it's common knowledge that the Hunt brothers ran up the price of silver by buying so much and ended up losing around 80% of their fortune. All I was saying is that today the shorts are greater than the longs, and back then there was more buying than selling otherwise the situation wouldn't have happened the way it did. I only said PM's have to go up if the shorts and longs today equalize. Currently the shorts are greater than the longs, so if they were ever to be equal the price must rise.[/QUOTE]
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Gold quietly goes above $1900 again
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