attack on Gold intensifies all out efforts... The attack og Gold and Gold shares intensified today so far...Gold was UP $7 earliier today, then some obscure news that the EURO was not going "ease" sent Gold lower now down $ 3.10, and f course the Gold stocks with it...The facts are though that US$ is down substantially -20 and headed lower.This deliberate intervention against Gold and for the US$ will not work...it nay be a 1 or 2 day wonder, but the dye is cast...The paper currencies are trying/throwing everything at Gold but in the end it will all fail...they have printed themselves into a CORNER....no way out except inflate....IF they choose not to inflate, and chance a total market collapse, they deserve what they get...no tears from me...
this will NOT in any way change the outlook for Gold and of course EAG in the least...Even though it is being seriously attacked today.... This is the time when Gold Bugs show their tough stuff and hold on...These attacks will only be temporary, a day or so as decency and normality quickly return to these markets...likely the Euro will again come out soon with a pro easing viewpoint and all these attacks will cease and reverse course...Hold on tight...this is NOT for the faint of heart....
Mellow