gold us$1593 .... folks look out below imo, page-25

Parrot,

It is getting ugly...but you know the saying..'when there is blood in the streets'.

Hurts me as well but lets recap a few facts:

1. Japan is a basket base of 220% ++ debt to GDP, Dying population and an open money printing gold.

2. EU still a basket case. Unemployment everywhere is rising, GDP is moving into recession (according to official stats), no serious progress apart from a commitment to print money.

3. USA - Enormous money printing with a massive and continuous explosion of the fed balance sheet. Negative real interest rates. High unemployment with record and growing numbers of people food stamps and a record low labour participation rate.

I don't pretend to understand why gold is doing so poorly except that people are trying to chase some (pathetic) yield and possibly some funny games on the COMEX and LBMA (although I'm not so sure of that).

I can't explain it but the fundamentals are clear to me.

I'm holding.

Twinsen