Seeking Alpha

nevket240 » Comments » DUG

  • Why Oil and Gold Are Headed Much Higher [View article]
    Not ONE genius mentioned the irrefutable fact that to get out of this financial hell-hole Govts. around the world are going to have to build, build, build to keep the unemployment rate from an exponential increase.
    That will greatly increase commodity demand, and it is going to have to start soon. The Chinese will soon be buying what they can to 'sterilise' their US$ holdings while they are worth something.
    Gold is being driven down to give the illusion the US$ is a safe place to park your wealth.
    The banks are recapitalising by storing the 'bailout' funds and not trying to lend it to risky humans. At some point that cash will hit the streets. Look out !!!!
    regards
    Oct 23 01:52 am |Rating: 0 0 |Link to Comment
More on DUG by nevket240
Comments by Ticker
nevket240's
Comments Stats
45 comments
Rating: 15 (27 - 12 )