Gold is already retracing. Another knee jerk reaction by the...

Gold is already retracing. Another knee jerk reaction by the markets.

The G20 spending is not the answer. The ultimate answer will be banks in America and Europe going broke and other banks taking up new business - who knows, the new banks may be Chinese banks opening up in the US and Europe. The American and European banks need to be bankrupted. There is no other answer. Until then gold will be valued and it will keep going higher IMO with bumbs along the road.