RE: RE: Nice Block just Crossed!Yes. The market is oversold on Gold. The U.S. is more likely to declare a moratorium on Interest payments for a year or two than they are to increase rates. That will send Gold sky high. The only problem today is the lack of direction and the scary unemployment numbers along with housing numbers that all show exactly what everyone expected but non the less gave the market the shivers.
The U.S. has not been the driving force behind commodity prices for the last 6 months so why the big sell off? Everyone is scared!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
JMHO
A