RE: EUI m going to stand by my thinking and say the us d will rise as it has been because there isnt any other currency worth trading and china and us in jittery relations ships Obama saying china is manipulating is currency and gold and commoditys have always traded opposite of each other so look for rthe break out of 80 cents for the us and then look out if it doesnt then gold might rise so keep a eye out before buying ,Gold will always ahave a place in your portfolio so buy when it is low and hold ,As for timmins its a stock with a mind of its own or how i say a mind of jitco trading broker`s when and how many they trade a day ,but one day which i think inMarch timmins will rise to new highs so take advantage of the lows we have no resistance until we hit 90cents
----------Original Message Posted 2/7/2010 12:33:16 PM----------
with the financial problems happening in some the nations members at the same time the US economy is drowning in debt we will see more and more institutions and individuals turn to gold and silver as a means of protecting and even gaining wealth during these difficult times.
If the euro continues to lose value to the american dollar we will see gold decouple from the US dollar and the price will begin to increase again. It is obvious that gold and silver represent value where as fiat money is being printed into oblivion... and i do think this is planned as eventually the world government wants to have a cashless society!
For the time being however we will see money flow into the metals, especially gold and silver. This will happen but how far will gold be sold down before it decouples? Everyone is well aware of the world financial situation so gold will turn around in short order... not much wonder there's a physical gold shortage at London.. it represents true value when all currencies are seeing devaluation!
salute