My gut is saying the fall in the USD POG indicates a depression is coming because Europe is a mess. All asset classes fall, including gold. I just hope that the AUD falls back to 60-70 cents and that the POG does not fall below USD1000.
Gold currently at 1548USD, 1606AUD.
A lot of damage has been done with this rapid decline. Investors will be wary of gold for some months.
The positive is that the Indians will be able to aford to buy gold and that might prop up the price for a while.
Our goldies did not need that parabolic rise in the gold price to USD1920, just gives the market a false signal of gold's value. 15-16% rise pa is what I am after in the USD POG, not the crazy 30% gain. However successful gold traders may have a different view on this.
loki
- Forums
- ASX - By Stock
- GOLD
- so this is how it ends ...heh ...??
so this is how it ends ...heh ...??, page-11
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online