BrunoT

The International Gold Rush: Bulls May Soon Be Rewarded

CLH, way to see the macroeconomic picture and back up your opinion with reasoning. Double top? Oh yes, it MUST go down then!
Is that what the tarot cards tell you or something?

Let's see. $500B deficit projected BEFORE the mortgage and other bailouts were counted in. A recession in the works that will cause tax receipts to fall further, increasing the money printing. REAL rates of return on CDs/MM's that are way negative. War with Iran looming. Few stocks looking at anything positive for a year horizon. Gold at about 35% of its inflation adjusted high (which occured during similar economic conditions to today's)

Yeah, what a great time to sell your gold....not.