OTCPK:MSSNF - Post by User
Comment by
cntnboyon Jun 03, 2009 2:13pm
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Post# 16040822
RE: Gold is Strong
RE: Gold is StrongThe pullback in gold price is a short term aberration and based on pullback in oil which dropped 3 bucks per barrel.
Probably didn't help that Bernnanke came out and said that they won't monetize the US debt.
We will see a quick rise to 1060 on the spx and gold and oil will run with it. In any event I'd be gone from the markets by july 10, other than gold plays.
Once the people realize the recovery is dead, the major markets will deteriorate and the flight to gold will be on, especially given bond markets won't be the place to be ie. there will be no place to hide.
Cheers