who's selling, page-16

Pretty pessamistic view Munchy

I don't see things being too bad
I think the FED will taper starting next year

The US is in a very slow recovery due to the rest of the world
Not doing so well

Of course it's in the FEDs interest to talk the economy up
As it is a positive sentiment that gets People spending and investing

In the end which I don't know what year it will be
The value of everything has to rise
House prices must at least double ect.
This in turn will devalue the dollar which has been overprinted
And make paying interest on debt manageable

Inflation must get to 5% at least
This in turn makes gold a great investment

The Chinese understand that gold is king
And if production is $1200
Then gold will be worth more

What is really interesting is the amount of projects that would have
Come on line this year and next have been stopped dead

Within a year there will be a huge shortage and will continue
For years

Last year production was down 5% globally
This year Chinese have increased its buying by 20%
That doesn't leave much for the rest of the world to buy

Anyhow gold will have its day over $2000 in the next few years
I am just looking for $1600 this year

SAR is great value as the AUD is falling

I think within a week or 2 we will see $1350 broken and SAR
At 20 cents

16 cent resistance when broken will run to 20 cents
Before resistance again

Good luck