A guy on one of the financial shows said that if gold
Steve27
Posts: 13,275 ✭✭✭
went above $738/oz, it would continue up to $800/oz. Well it hit $739.40/oz today.
"It's far easier to fight for principles, than to live up to them." Adlai Stevenson
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If it does not go down, it will go up.
San Diego, CA
Will’sProoflikes
No, but he was recommending gold stocks if the price went above $738/oz.
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
if he doesn't maybe LALASD4 does. He seems to have his crystal ball working.
No, it is coming to me : 1, 5,8,48, 49 bonus 10
San Diego, CA
Go to $750-770 and then correct back to something > $700 is my guess.
roadrunner
<< <i>" Was that guy selling gold?"
No, but he was recommending gold stocks if the price went above $738/oz. >>
I'd be careful in the mining stocks, here what Sinclair has to say:
Here is additional proof that what I have been telling you for years is absolutely true. The problem is over the counter derivatives, but no one has yet told you how big. It is at least a $20 trillion dollar problem. There are no tools anywhere to fix this one other than working overtime to hide what it really is. That means, as I have told you, the problem is still out there and has not been extinguished, nor can it be by any degree of interest rate adjustment. This one is coming home to roost, so prepare yourself now!
Now let me tell you that all I have told you about short of gold derivatives is absolutely true. 99 percent of recent and oncoming development projects have this problem. The industry breaks down into two groups. Those that are so stupid they do not know it, and those that know it but will not tell. Therefore the probability is 99 to 1 that you have the problem.
Even gold sites bashed me on the existence of the over the counter derivative problem both as the key economic risk as well as the primary risk to all varieties of precious metals shares. I have argued this for eight years.
As gold stays longer above $700 all varieties of gold shares are firming, giving you an opportunity to think deeply about what I have been telling you and the opportunity to consider fixing it.
Another guy on a show said $30 oil would cause a recession.
<< <i>Another guy on a show said $30 oil would cause a recession. >>
In Texas and Louisiana.