GREY:KXLAF - Post by User
Post by
mellow99on Apr 19, 2011 9:26pm
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Post# 18457513
Late Night--Exhausting day..time for Gold predicti
Late Night--Exhausting day..time for Gold predictiI have a feeling that Gold will finally break thru the $1500 level and stay up this time....Of course I happen to know this cause the US$ has crashed below the .75 point mark, not by much yet...the US administratiion has been put on NOTICE by S&P, about their possible/potential downgrade of US$ paper to a 2 star from a 3 all top stars....the implications for US$ and rates are staggering to say the least...What will/can they do?..will they ever get together with the Reps, and resolve these urgent debt issues ...In my view NOT very likely so far....
I noticed today that Geitner was going around saying , chances of a US Gov shutdown, were nil....lol...I doubt very much if the markets believe him...This urgetn situation/crisis, is NOT going away ,as much as they$ would like it to...And so we are entering a new era of much lower US$, much higher US rates, and much disruption, in the world economy, and US$...I truly hope that this is done in an orderly and sane fashion....very few if any benefit from chaos, in the markets.....we shall all see what happens....GO GOLD!!....GO PDG!!...
Mellow99