ASX 1.45% $64.37 asx limited

Hey guysIs there a lot of cash on the sidelines waiting to come...

  1. 6,204 Posts.
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    Hey guys
    Is there a lot of cash on the sidelines waiting to come in as some of you say???
    Ordinarilly I would agree with you but the GOLD price is heading upward which means a great deal of money is buying the yellow stuff.
    why???
    Some one is getting scared about inflation..........
    The arabs bought 50B mostly of gold in sept ,
    if they
    ramp up oil price.......
    inflation fears
    stocks fall
    GOLD rockets up......
    who gains???!!!

    I am by no means a GOLD BUG but it makes sense to me . I am sitting out this Xmas rally sitting on my hands
    and wincing in pain by not getting back into the market
    ....I will either be a fool or a prophet by Feb
    good luck to you
    Baxter
 
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