OTCPK:MEAOD - Post by User
Post by
psych01on Dec 12, 2016 1:32pm
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Post# 25586823
no sub $1000 POG
no sub $1000 POGIndia is a tempest in a teapot--two week effect or so as they weed out a bit of corruption, moneylaundering, tax evasion; but India is addicted to gold as in you just wouldn't go to a serious occasion without a present of gold. Central banks including China will maintain large gold reserves in the volatile geopolitical world. The Fed hike is mostly baked into the cake but sure, when they announce Wed. a downturn has to be expected; what's more important is if Yellen signals more to come in 2017 which is probable. Gold is becoming more and more something to hold for the common man--no yield but also no devastating loss as in equities. There's just no rationale for realy low POG in the world as it is. Look at today for instance. What is propping up gold to even these levels? Fed is definitely going to do a hike, MTO is a good hold and accumulating if SP goes down makes sense. I would worry about a rollbakc if anything but think the Sprott effect would stop that. IMO