Post by
valueplaysonly on Jan 18, 2011 6:43pm
just like I said!
Citigroup ( widely viewed as a " Main Street bank " ) disappointed with a big earnings miss and the result was gold and silver gained. If Bank of America disappoints next, we will see more spikes for gold and silver. BAC will make alot of profit from its Merrill Lynch division, but if provisions for loan losses are high, that means Main Street is not participating in the recovery. The result will be higher highs for gold and Quantitative Easing marches on! If Cisco disappoints too with earnings it will be a bonus for gold too! GLTA