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<p>[QUOTE="desertgem, post: 2202648, member: 15199"]It just says to me that even the Hedge funds, have thrown in the towel on holding physical gold. They see more and deeper pain in the future as far as they see it short ( no pun) term as hedge funds go. If they aren't buying it , why would we? Some may think we are smarter, and just know everyone in finance is crooked or plain dumb, but if the numbers are true, I would not be encouraging people with out money to lose, to buy precious metals, and if they know how to play with options, I would say sell down to the 5% mark and buy options to support your expectations</p><p> </p><p><br /></p><p><br /></p><p>This statement would be true IF people started buying large amounts of gold or silver, but I think we know they are not doing so. If it continues to go down, those who buy here will be adding fire and profit for the funds and other banks to add more short and drive it down further. I don't place blame on the funds for shorting, I can not see how bullion sites and companies can encourage others to buy at this point. Using such a short graph "indicates" PM can't go lower. Sure strong hands!!!!</p><p><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie96" alt=":vomit:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 2202648, member: 15199"]It just says to me that even the Hedge funds, have thrown in the towel on holding physical gold. They see more and deeper pain in the future as far as they see it short ( no pun) term as hedge funds go. If they aren't buying it , why would we? Some may think we are smarter, and just know everyone in finance is crooked or plain dumb, but if the numbers are true, I would not be encouraging people with out money to lose, to buy precious metals, and if they know how to play with options, I would say sell down to the 5% mark and buy options to support your expectations This statement would be true IF people started buying large amounts of gold or silver, but I think we know they are not doing so. If it continues to go down, those who buy here will be adding fire and profit for the funds and other banks to add more short and drive it down further. I don't place blame on the funds for shorting, I can not see how bullion sites and companies can encourage others to buy at this point. Using such a short graph "indicates" PM can't go lower. Sure strong hands!!!! :vomit:[/QUOTE]
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