Joe90

Silver is very nearly at BOGOF prices. I have been waiting patiently and am taking a sizeable position here. Best, Joe.

I can't speak to the examples in the charts, but I have experienced similar very temporary up/down movements from time to time with IG, but infrequently. When discussed with them it appeared to be cause by a switch between their underlying futures feeds i.e. which they are tracking. Whilst it appeared on the tick charts, it didn't trigger stops. In other words it was purely a techie charting display "blip" not a "real" quoted price and not a stop hunt. I don't use either high leverage or very tight stops if using SBs to avoid even the possibility of stop hunting etc. Bearing in mind stop hunting happens in the underlying markets in any event around known S/R areas. So place stops accordingly.

If the writer of the article stopped to consider what he was saying, he would realise that ultimately all those contracts must at some point be closed, resulting in the mother of all price collapses. The only thing which cannot be predicted with accuracy is the timing of the collapse, but I would guess it will be when there is actual as opposed to verbal monetary tightening. Could be huge.

If I may add Trichet is signalling the possibility of a small rise next month. Euro has responded to this which will likely halt the recent dollar bounce at least in the short-term. Joe

Hello - This is my first post, although I have been a lurker for a while. Can you expand on why you think this is any different to the past? Gold mining is energy intensive as we know, so if energy costs are rising why would that not impact on the gold price? Even putting aside other issues such as currency movements/inflation/geopolitics. The GOR appears to have bottomed which would suggest it is indeed reverting back towards its historical double digit norms.