sdavid0419

The Gold Market Fights Back

Gold is a hedge against the US printing presses which can't keep up with the pace of Congresses inability to reign in their lousy spending habits and shabby bookkeeping. I saw the sell off blip and thought it was the correction that I am fully expecting as the run up was rather quick. Then I heard that Obama has finally made up his mind to send more unfunded troops to Afghanistan and fully attributed the non-correction to that thought.

If there is such thing as a responsible multi billionaire, we need one to step up and run as an independent candidate for president with the sole purpose of getting our financial house back in order by making the hard decisions that HAVE TO be made.

As to the manipulators, I think there are enough gold buyers late to the party that have pre set orders waiting for any kind of pull back to jump in. I'm not saying manipulation is no longer possible just more difficult.