Friday, October 24, 2008


A good day for gold. The rally was long and
consistently up with no major pull backs and had
good volume to the top.
The pull back was slow and not at a steep angle
and unfolded slowly instead of a massive, all-at-once
profit taking bail out, which shows that buyers here
were holding on for the long term. Many may plan
on taking delivery, which could be a problem for the
Comex, which might have to settle some silver contracts in
paper money for lack of silver in their warehouse.
I think they have enough gold, but we could all be duped
on the gold holdings in Fort Knox and all the other places
we have been led to believe for decades that we have gold
stockpiles. Could be and empty room with moths flying
around a light bulb. Wouldn't surprise me any.
We will just have to wait and see what happens.
I think we have put in a bottom in gold and silver here