GREY:KXLAF - Post by User
Post by
mellow99on Jul 20, 2011 11:07am
238 Views
Post# 18851604
Eratic Trading in Gold/US$, now up $3.20
Eratic Trading in Gold/US$, now up $3.20TO $1593.20...As mentioned previously, the last few days have been over/influenced by the funding of current US$ debts, as well as well as all future US$ debts/obligations , therefore the absolute need to extend the US$ debt ceiling..The talk this monring is still no resolution in sight...The HOUSe is blocking any attempt at resulotion until all their points are fully met...Everyone is getting very nervous indeed...August 2 is hte date to watch...maybe 12 days.... seems to me they they will NOT get it done....OH...they might come up with some scheme, where they would pay off their current owing, but not resolved the major long term debt problems...
How this imortant issue gets discussed and somehow solved is the real issue/problem facing US$ qand the world...Will they push out to some future date???and how will the world money markets react???
Gold is currently holding at or near $1600, awaiting for direction/resolution of this major problem, and take it,s Q/direction from here....
It seems rather obvious now that the US$ is following Gold UP zand Down...being DOWn today to .74.92....let,s see if this trend continues...I can see some sense here, in that the US$ has been talking about some form if PEG to Gold...although I cannot see it happening now...maybe down the road...the question I would have is at what PRICE...
In the meantime almost all the God equities are in the same waiting game...It won,t be long now, both on the Debt crisis, and world reaction to it...Either way Gold and PDG WIN!!!....
Mellow99