Correct,
The $US iss expected to run out of bullshit by calander year end.
Gold should test and break $US1,000 within weeks but this time it will hold and move much higher of the next 12 months.
China knows this and their so called strategic stockpile building in energy and resources is primarily a method of getting rid of its exposure to the $US.
Everyone knows the $US is going burn its just a question of the timing. China can only dispose of its dollars by buying assets using $US. Fortunately almost all internation trade is done in $US. The problem now for China is they have bought so much they are pushing the commodity prices upwards which is counterproductive in this economic enviroment. Buying gold is also high on their shopping list given its a hedge to the $US.
All in all, we will see gold prices over the next 3 years that we could not imagine.
GMR will rise to levels that we also can only dream about now as will many of the good quality juniors (in fact even the crap will run).
$US5,000 is not farcical but $US1,600 is a dead set certainty.
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