GOLD 0.51% $1,391.7 gold futures

smiler2009 should provide the right factors for strong a...

  1. 480 Posts.
    smiler

    2009 should provide the right factors for strong a price.

    Let's think about a few facts:
    Huge power problems facing South African mining.
    Varanus Island in WA & subsequent shutdown.
    Double digit inflation in every BRIC country.
    Juniors collapsing throughout 2008, now credit crisis
    so probably more to come.
    Queues lining up to purchase physical at mints.
    Kitco out-off coins.
    Questions about ETF paper holders & the amount of physical backing them
    Bear Stearns collapse
    Washington Mutual collapse
    Wachovia collapse
    AIG collapse
    Bradford & Bingley collapse
    Northern Rock collapse
    & finally Helicopter Ben

    Thanks for posting guys. And like Smiler I also look forward to 2009.

 
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