Is gold ready to move up?
It looks like SPDR Gold Shares have ended their 10% correction from the end of February. A new rally may be on the way.
Solid analysis JJ. We like the gold mining no-load mutual fund BGEIX.
the nice thing is that neither King Midas or King Bernanke could/can print gold ....
Obama and Bernanke cooperated beautifully, Bernanke printed it, Obama borrowed and spent it
Obama can't tax it until it's sold and it will stay in gold, until we have a real president again.
This is easier than the "how long does it take you to go 80 miles if yor going 80 miles per hour, where did this girl go to school and how many more are out there are like her? Obviously they have made it into the high lelvels of our government. If you spend 10 dollars and only have 6 dollars and print or borrow the other 4, how long until disaster comes? We need to find out who taught this this 80 mph girl and fire them. If you havent seen the video go to youtube.com and type in the " 80 mph question "
Gold and silver will continue to be erratic. They are being deliberately shorted AND are also tied into paper currencies.
Stock markets will also continue to be erratic for obvious reasons.
There is money to be made and lost on both sides of this fence.
However, nobody can devalue the precious metals to the same degree and devastation as they can with paper currencies.
An ounce of gold and an ounce of silver can be driven down in price BUT their physical weights are forever stable! In addition, you can forever print paper, but cannot falsify the metals.
During WWII some Jews escaped death because they had a few gold coins to barter. Good insurance to have and to hold onto. Our country is changing dramatically every day.
Another round of Fed quantitative easing? More likely to have Congress finally pass some JOBS bills to revive the construction and manufacturing sectors .. as the source of stimulation. Bankers don't need any more money .. it is Main Street that is suffering from lack of investment in jobs and productivity compensation.
Gold is not the medium of international exchange. It is a commodity that is dependant on a growing consumer demand, hence it will track the global economic recovery.
Took Jubak less than 24 hours to create another Doom and Gloom piece. New Record !!
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All hail the bull market, which ended the week with a big rally. But it also is starting to look a little like 1987, which suffered an epic blow-out.
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