I stated some time ago that the gold price will be smashed before it rises to a much higher level.
Whether it will happen this time around the merry-go-round or not, it doesn't matter.
As a litmus test for the World economy, imo, there is only one way for gold to go in the near to long term,. That is massively up.
USA is faltering badly; Europe is a basket case and China now has up to 10000 tonnes. Greece is expected to exit the ECM. What will that do to confidence.
The rest is inevitable.
Buy gold and gold stocks as soon as you can.
