TSX:LSG.DB - Post by User
Post by
ossyw11on May 03, 2013 7:18am
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Post# 21333867
Gold Fundamentals
Gold Fundamentals Bloomberg sites Europe again this morning as a deflationary disaster. Now some of the big economies like France are starting to show their stuff - unable to fudge their positive outlooks any longer. Revisions to key statistics are coming - there is very little good news across the pond. Imagine - all of this negative data when the cost of money is effectively zero and the government really is the econony and the juice sending NA exchanges higher.
Fundamentals couldn't be better for gold. Physical delivery and bad euro news will propel us over $1,500 soon. We just need Wall Street's saviours at Goldman to start buying again (a month before they formally announce it). What an unbelievable short squeeze is coming.
At $1,500 every producer is making money again. The buying opportunity of a lifetime will be over. Investment in gold and gold shares now will make us all more money than we all made in 2008.
321gold.com has som good reading.
Good luck all...JRMJ