1 year ago the price of gold was USD1205.Whats happened since then what have we learnt.I was a gold bug hanging out everyday for a lift in gold price,hanging out for economic data that the gold bug experts would say will lift gold tomorrow in fact some like Sprott would say buy tonight its going to leap.
Well 12 months later we have not seen the death of money,gold is not USD5000,the USD is winning the currency wars,money printing is the way of our new economic world,stock markets have not crashhed they are at record prices,their is no oil shortage,gold is in bacwardation been on off for 3 years no physical shortage,the East is buying all the gold so why does gold go down almost everyday in Asian trading,manipulation is the reason gold is so low probably true to a point but why would they stop,USA govt wants gold down to prop up USD probably true and why would they stop,their will be a massive collapse of world stock markets maybe but when in 10 years time?The currency wars yes true and the US is winning,There is another war around the corner yep they have broken out and gold goes.
I have not bothered writing any more of the constant retoric printed each day by a very very small minority of the financial world that feed gold bugs and I was one of them.Total nonsense!!!!!!!!!!!!!!!!!!!!!!!!!!
The reality is the big players in the financial world dont want gold to rise and that is exactly what has happened and can see no new real facts to change that despite the soothsayers who pronounce their stuff everyday to the converted to give some hope.Many lives have been ruined by thew hope that gold will rise,its a total gambel for those who have a lot of money,small gamblers,cause that what it is should stay totally away.
My view only,good luck.
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