Seeking Alpha

petersterling » Comments » HUI

  • The Mystery of the Underperforming Gold Stocks [View article]
    The reason people are not buying gold stocks is because the ones with actual brains are using what little money they have left to buy gold bullion. Its that simple.

    If the gold price pops over $1,000 and-or the market in general stabilizes gold bugs will come back into the speculative gold stocks.

    Look behind the barrage of spin fed to us every day. The world's biggest banks are bankrupt. Everything else will surely follow.

    Governments are effectively bankrupt too, they are just not telling you.

    The US gov't borrowed 3% of GDP in 2007, in 2009 they need to borrow 14% of GDP to pay for the biggest pork program ever created. China is broke and can't lend us that much money. The US dollar will crash this year....
    Mar 08 13:11 pm |Rating: +4 0 |Link to Comment
More on HUI by petersterling
Comments by Ticker
petersterling's
Comments Stats
40 comments
Rating: 9 (17 - 8 )