RE: RE: RE: RE: Ikunguits good that they have held off as long as possible. Not a good market to be having to put good news into. as you can see the gold manipulators are hard at it again today. Don't know where these guys are getting all their money but sooner or later they are going to get caught on the wrong side of this. Revenge will be sweet if it nicks them for a $100/oz or more. I guess there are still at lot of bone heads that think gold price is all in deflation or inflation and still don't realize its about worthless fiet paper. Iceland is a great example of what is about to take place on a much larger scale. Banks will do whatever they can to keep us from gold and when they are getting billions it bailout money with no strings, rather than fix the problem. They are attack a symtom, which in this case is a flight to gold.
I think inflation will become an issue pushing gold even higher but it will not be the primary reason for gold to move up. This big daily swings are telling us that their are many with a lot more resources than we have also know the death of fiet isn't far off. POG was up $40 at one point during the night. You can bet all the G20 dimwits meeting this week will all be trying to figure out how to protect their own fiet rather than fix the problem. Gold is the answer but they realize their fiet is so worthless they will do everything in their power to avoid it. Can you just amagine trying to get 20 nations to agree on a formula? Most will be more interested in trying to prolong the problem for long enough for them to get out of office. I'm sure Bush and his band of crooks would like to turn the keys over today.