TSX:LSG.DB - Post by User
Comment by
nrschevy44on May 08, 2012 11:39am
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Post# 19884744
RE: Gold Stocks Dropping on Masse Why?
RE: Gold Stocks Dropping on Masse Why? Hopefully Gold demand will improve to help the situation, but I'm beginning to think we are at a tipping point, jewellery demand with gold at $1600 per oz might be a tad expensive( India is the main source of jewellery demand, recently there was Jewellers Strike in India).
Again its just easier to print money if inflation can be kept in check, instead of governments building on their Gold Bullion Treasuries. Demand for the US greenback is not abating even as the printing presses are running wide open.
I wonder if Tricky Dickie had any idea he would be opening up Pandora's Box
Cheers Nrschevy44