All safely locked up now! Didn’t someone around hear tell us that March was supposed to be the worst month for Gold in the year; apparently they didn’t tell the Chinese guy’s.
I guess if the bankers and developers are correct and all these new units can be absorbed by Brisbane buyers on reduced wages and coffee brewers then maybe you are right and I’m wrong. However; I’m putting my money were my mouth is and betting on the coming meltdown.
The developers around the inner city keep putting up tower cranes at the current rate working on the premise that if you build it the will come it will only hasten the day of reckoning in my opinion.
If you are still confident that Gold is going to $800.00 you are missing a great opportunity to short from $1,254.00 all I know is if I was as confident as you claim that’s what I would do.
LAWRIE WILLIAMS: “Chinese gold demand picking up - 183.2 tonnes in March”
Let’s hope history doesn’t repeat for the DOW this coming May; those poor old chaps that make up the Plunge Protection Team certainly have some work on their hands these days.
“In one of the most dizzying half-hours in stock market history, the Dow plunged nearly 1,000 points on Thursday, May 6th”
There are some interesting items linked within the link below for Gold enthusiasts with time on their hands to read them.
“Because like India, China is a Hotel California for gold bullion,” said Ash, given that both countries have restrictions on the export of bullion. “Metal goes in, but can’t come out (not legally anyway),” he said.
No leaks so far from all these closed door meetings so I guess everything must be OK. One wonders if they can stop reporting M3 and abolish the debt ceiling why they can’t arrange for someone to pull the power supply from that embarrassing debt clock!
