PINL:VLTAF - Post by User
Comment by
ALLEN4on Mar 26, 2013 9:49am
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Post# 21167727
RE: RE: SPROTT SAYS A LOTT
RE: RE: SPROTT SAYS A LOTT Bpultra, I see the recent moves in POG as very bullish. Yes we are under $1600 now but here is why I think its a bullish sign. The move above 1600 was caused by Cyprus, and the move back down below it was caused by the "solving" of the Cyprus problem. Firstly, the Cyprus situation was a relatively minor blip on the world scene and yet this small crisis made investors nervous enough that they looked for a safe haven, and that safe haven was gold. So imagine what will happen when we get a real crisis, financial or otherwise. The financial crisis that began in 2008 continues to work its way through the system and I expect that the end results will create situations one hundred times as bad as what we saw in Cyprus, and will impact the entire world. Secondly, the POG moved back down because "problem solved" in Cyprus. That's a joke in my view. And if that is the reason for downward POG I am not worried at all.