680 i don't think so, page-7

what Gata says is pointless unless the price action confirms it, gold in foreign currencies are the key charts at the moment, gold is deaf to all these conspiracy theories, the cartels, the messianic qualities it supposedly has, its saying no to hyperinflation, its saying no dollar printing, its saying no to a dollar collapse its telling you something and its not what everyones hearing, why ? because folks dont want to listen to anything than their religious mantra.

Folks think if they repeat something enough it becomes true, folks who have never studied monetary economics sprout long winded self truths about money printing and hyperinflation, commentators chant , the USD is debased, the end of the reserve currency, the dollar crash............sure tell me how! How does a reserve currency work? How in a world of USD debt never before seen, where only USD can retire debt, where USD is used to leverage nearly every asset and commodity in the world. How in that world do folks run away from the USD, hedge funds that are leveraged 20-30-50/1 in USD are going to sell the USD ? how do they pay their leverage? Arab and Chinese Sovereign wealth funds are going to start buying what?

yeah i know gold will have its day in the sun, the shiny metal will emerge like a phoenix , gold will go to 5000 then 10000, GOLD IS SPEAKING , time to go to church I think if you need something to believe in..........