gold will rebound within 2 weeks max!!
This is a push to get nervous nellies out before boofhead bernanke unleashes hell...here are the fundamentals..
1. absolute dire global economy - first time in history usa credit downgrade, banking sector trouble, debt ceiling rises, greece bailout, italy in trouble, ireland, portugal, and the whole facade continues...
2. unemployment in the usa..- whichever way you want to look at the usa needs to devalue its dollar to make their industry more competitive... why do you think through all this global economic slowdown the aud/usd currency has not budged back down to early 90c?? because even though australia depends on strong global economic growth for sale of resources.. we all know the fed stands ready for qe3 qe4 qe29 hahaha so print money devalue dollar and make us products more appealing to the world and the worlds less appealing to usa..
3. uncertainty of sovereign risk in italy, destruction of the euro?? one default will see interest rates soar as banks become unwilling to lend money... the whole world will go into horde mode questioning the value of the piece of paper they hold in their hands means 20 dollars..
shift back to gold... physical gold and silver..
If anyone can answer how this WONT happen and how this can be AVOIDED then you have the answer to why you should sell gold and not buy it...
looking forward to responses
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