The following is not UML specific but may be another way of looking at the Gold price if you will.
Take the US debt currently at a tad over 16 trillion and move the decimal point over a few places to the left and you have the current Gold price at a tad over $1,600.00.
Now add the extra trillion dollars authorised for printing this week to last them until 30th of September and we can look for the price of Gold to reach $1,700.00 around that time.
By the time the debt reaches $20 Trillion in short order the way these clowns keep accelerating the printing presses we should see Gold at the $2,000.00 area.
Of course there could also be many other reasons for Gold to run up in price as the idiots in power try and come up with ever more strange plans to fix the ailing worldwide economy!
I hope they find another Read Zone type of gold grade discovery with the current drilling as I have a feeling this company will become a 100,000 ounce producer with near perfect timing for the gold price if my US debt and gold price correlations mean anything!
Cheers and very best regards: Andy
UML Price at posting:
9.6¢ Sentiment: LT Buy Disclosure: Held
