what's happening to the gold market ?, page-6

because of what goblin?
the information at the moment is of a manufacturing base, world wide, in contraction.
you are kidding yourself.

the US is going to have some affect on its economy regardless of whatever they agree on tax and spending cuts,
they cant do nothing again, they already bought 3 months by fudging the January deadline,
this is the start of a deeper contraction I fear.
this with a panic now in FOREX controls, or lack of and there is nothing i can see on the horizon than some people saying gold is overbought... which is the only argument i have heard for gold to be sold down that can't be disproven..... my guess!!
It's the stock market that's overbought and dependant on q/e more than the driving force now behind the POG
the 2 year consolidation definitely drawing to a close, and while it could break down with some better news from the US, europe and china. but the likelihood of that is far less than the reasons for it to break upwards.
HOLD GOLD now if you believe the latter, hold paper if you don’t is the bet.