Yep, if we go double dip, i dont think that we will see the same events as last time. Gold this time could very well at least hold or drop slightly in the short term. But wont get slammed like previously. It least i hope thats the case.
I also have a feeling if things were starting to get rocky here in oz, the RBA will panic (b/c they are as predictable as night and day- and their priorities are to borrowers), then rates will go down (just cash rates not anything else), oz dollar will get slammed and gold in oz dollar will go up. Just my opinions, but i feel a lot more confident holding gold stocks this time around, especially producers.
big buyer, page-29
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