GREY:KXLAF - Post Discussion
Post by
MELLOW88 on Jul 28, 2012 12:29am
Gold had a great week closing over $1600....
and will it continue?....The answer is YES....It turns out that the paper currencies US$ and EURO are now scared enough to initiate some form of monetary easing, starting next week, hence the move in Gold this week....US$ GDP came in at 1.5% for the quater ...very disappointing indeed...The EUro is no further ahead, likely behind...both US$ and Euro will meet next week to plan/announce said monetary easing...
T. Geitner has/had been meeting with the Euros this week to coordinate said easing,,,,
In my view, this event will mark for all to see, the return of the Gold Bull, which should run so far to the end of the year at least...enjoy the Gold ride, either thru bullion, or better still thru PDG, being given away here at bargain prices...
Mellow
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