TSX:LSG.DB - Post by User
Post by
zitcrudon Nov 26, 2006 6:55pm
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Post# 11752914
Good week coming for gold stocks.
Good week coming for gold stocks.International Forecaster
There is an unusually large number of Fed and other central bank speeches scheduled next week. We wouldn't be surprised if the elitists let the dollar fall to push the Chinese and Japanese into allowing their currencies to rise. Then there is the up and coming December trip to China by Paulson, Bernanke and others. We could see a test of 80 on the dollar index soon. That 83.60 close isn't far away. The speeches are being used to keep the dollar from plunging. They want to scare the Asians - not have a break below 80. This is a game of poker and a game China knows how to play. In addition, next week is filled with the release of economic data. This is accompanied by a worsening situation in the Middle East, not only in Iraq and Afghanistan but also in Lebanon. The Zionists refuse to stop being aggressive. They may soon have the French and others shooting their planes down. We could well be facing an explosion in gold, silver and commodity markets and in currencies.
We finally just received the Friday spot closes. Gold rose $9.80 to close at $637.90 and silver was up $0.39 to $13.40. These are clear breakouts. We'll pause at $660 to $670, and pause again at $714 to $730. Then it is $850.00 as the dollar challenges 80 on the dollar index. This Paulson gamble is not going to work. The Chinese will tell him to get stuffed. We see a mad scramble to cover shorts on Comex on Monday. It was closed on Friday. We could see a $20 plus higher opening. We are sure London will join the party early on with Tocom. Making things worse Paulson and his gang of illuminists have just managed to aggravate the Chinese and they may well be dollar sellers and gold buyers as well as other currencies. The dumb investors in Europe, Canada and the US are about to find out they should own gold and silver and what a precarious position the world financial and economic system is trapped in. There finally will be a massive shift in investment interest as real estate and the stock market finally move lower, much lower. Last time it took ten months for gold to move higher and nine months for silver to move to its highs. This time we are looking for a minimum of $850 to $1,000 gold and $23 to $25 silver. The stocks will go crazy.