HBWOW

Searching the Market Clouds for a Golden Lining

Gold has not followed the world events for the last 6 months but prior to that did react to major economic/world events. I believe that the price of gold and mining stocks during 2008 has become the most controlled investment by large foreign countries, primarily China and Japan as they like the U.S. keep their currency printing presses running full speed with too little gold reserves. Gold today, in light of world economic conditions and international problems such as Iran,
Russia, North Korea, etc., etc., should be at least at $1,000/1,200.
Japan and China with their hoards of U.S. dollars have and are continuing to manipulate their currencies to the dollar (they want to keep selling us their production) and supporting the value of the dollar holds gold prices lower than international events really dictate.