GOLD 0.51% $1,391.7 gold futures

say good night to gold people, page-24

  1. cya
    3,836 Posts.
    As if a broken record Gold is due a major correction, USD will significantly strengthen from here, sovereign CDS spreads are breaking down, YEN and EURO have significantly weak fundamentals with the drag of Greece and other cot case Eurzone countries, Euro may break up as strong EU countries consider like France and Germany eye re implementing the Mark and Franc, DJIA to fall significantly with lows being tested, political barrier are emerging for further fiscal easing, credit conditions are tightening , credit growth is failing everywhere, predictions of inflation are failing to emerge (price inflation is occurring in some sectors but overall money quantities are falling due to credit contract, asset prices continue to fall, ALT A Variable ARM resets are coming into play which combined with Commercial RE in the US will cause sub prime Part 2 this time in higher rated credit categories.

    Hold gold , sell gold equities buy on significant weakness

    We can call out manipulation every time there is weakness or major correction, historic gold bulls all had signifcant volatility (thats a fact), if you want it to go to 2k we may need to visit 750 on the way. The old term "climbing a wall of worry" comes to mind, folks are not really worried yet folks should wait to the real worry sets in before they commit

    all IMO

 
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