relmor

Gaza War: Expect a Spike in Oil, Gold

And and I love misinformation....I read someone that Belarus sold gold to defend their currency...Thats ironic, and they should have know it wasnt going to work...Only compounds the problem as you dwindle real assets for paper..If the paper falls again, you now have less real assets to support your lower paper values, this causes a larger fall than if no gold was sold...

Gaza War: Expect a Spike in Oil, Gold

As the dollar is stronger when gold was last at 880, the price of gold rose significantly in 08, continuing is bull run. This year will be no different. As all other asset classes have fallen, gold has risen.YTY it is up around $50 from last dec. 31st date. This is no coincidence. Even with 2 large banks holding most of the short interest into one lump immovible sum, gold still rose YTY. 09 will leave banks less firepower, and less news to support lower gold, so they will have to let it go up a bit more than last year, percentage wise...Obama is great for gold, as deficit spending will reflect in a weaker dollar and stronger gold prices to match...Expect huge premiums for physical vs. paper gold to rise dramatically this year as bank confidence and COMEX trust fades...If just 5% of future contracts were to take delivery it would wipe out COMEX's gold customers and send the price to the moon...Buy gold in its physical form now, while you still can find it..