From a previous post...
With the debt ceiling now effectively raised in trillions more [was there any doubt?], gold is set to go into the stratosphere.
Watch for a temporary baseline bottom appearing at $1600/oz and then a move towards $1724/oz when the general market realises its impact. In my opinion, we will have severe inflationary pressures coming in food, agriculture, gasoline and a move towards gold and silver. I am transferring more cash into more gold bullion and equities.
Onwards to $5000/oz of gold...remember that in times of crisis, money just gets transferred into the sector that values it most.
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Mission accomplished.
QE 3 assured till 2013 - interestingly after the US presidential election
Gold's next target is $2000/oz
Invest wisely....
From a previous post...With the debt ceiling now effectively...
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