TSX:LSG.DB - Post by User
Comment by
TheProphetElijahon Oct 04, 2013 11:03am
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Post# 21791095
RE:shorty is here
RE:shorty is hereSavyinvestor (not sure if that's sarcasm) I'm a gold bull like anyone else here. But the so called money printing is no longer driving gold. When the Fed anted up on QE from 45 to 85 billion gold did not move, it even went from attempting 1800 to collapsing to 1200. There is no inflation like the market was expecting. Money is going into the DOW and it's just not time for gold, yet.
Where is this physical gold demand? If it was so miners wouldn't be going down with Comex spot price. This paper and physical gold talk is rubbish. You really think someone is going to pay you $1500 for physical if paper gold on any exchange is showing $1200?? Good luck.
Of course it's all manipulation, if that was so gold would have recovered by now to atleast $1500 and it's not even close. Gold is just going through it's corrective cycle and will go to $1000 before we see $2000. Under $1000 is even a possibility.
When interest rates start to rise some of these miners with high costs and big debt will get killed.