GDO gold one international limited
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operating margins and profits , page-16

  1. champ2003
    12,639 Posts.
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    02/02/11
    12:50
    Post #: 7828919
    >I think gold will shine once USA has to raise their debt ceiling and if they don't the gold price will explode. Also watching for an announcement regards QE3.

    MATHIAS1,

    Gold will shine in both scenario's that you mentioned.

    If the Fed isn't able to raise the debt ceiling then the US will default on their debt pushing gold through the roof and if they do raise the ceiling then more QE will take place weakening the USD and strengthening the Gold price.

    Gold is in the perfect position ATM.
    GDO Price at posting: 29.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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