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<p>[QUOTE="Otter, post: 753118, member: 3464"]When you SEE reports of 50,000 jobs added, it will be too late to capitlize on most of it. As has been stated by many before, GOLD is basically playing a proxy for the uncertainty around the long term continuance of the US$ playing a large role as a reserve and the US economic situation.</p><p><br /></p><p>Fear that its a deep, long protracted recession feeds the fear (understandibly). News to the contrary lessons the fear and probably stimulates many to take some money off the table 'just in case' its try. </p><p><br /></p><p>Given the recent run ups in PMs (silver has really done much better than Gold), it not at all surprising to see some retracement on any good news.</p><p><br /></p><p>As a side note, one of our local dealers WAS buying circ silver $ at 11.5x and selling at 14.5x while APMEX was buying at 15x....an small but interesting arbitrage opportunity if one could get enough inventory to make it worthwhile.[/QUOTE]</p><p><br /></p>
[QUOTE="Otter, post: 753118, member: 3464"]When you SEE reports of 50,000 jobs added, it will be too late to capitlize on most of it. As has been stated by many before, GOLD is basically playing a proxy for the uncertainty around the long term continuance of the US$ playing a large role as a reserve and the US economic situation. Fear that its a deep, long protracted recession feeds the fear (understandibly). News to the contrary lessons the fear and probably stimulates many to take some money off the table 'just in case' its try. Given the recent run ups in PMs (silver has really done much better than Gold), it not at all surprising to see some retracement on any good news. As a side note, one of our local dealers WAS buying circ silver $ at 11.5x and selling at 14.5x while APMEX was buying at 15x....an small but interesting arbitrage opportunity if one could get enough inventory to make it worthwhile.[/QUOTE]
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