Well we had a 4 percent correction friday. Maybe you are right, you called that one. It was tied to the increase in the dollar. I don't see your idea of up to a 40 percent decrease though.
A bank may have savings accounts totaling a million dollars. They may only have a couple of hundred thousand available because they have found that that will more than cover their cash requirements. So maybe gld has just enough goal available to meet everyday requirements. Lets hope not.
Gold Price Up on High Demand and Short Supply [View article]
The government prints money, you buy gold, a basic. Our market has not followed the basics lately, but you have to pay attention to fundamentals. Added AUY, JAG with multiple buys Friday the 21st of November and up on purchases 25 to 50 percent. I may have added to early, but I am very comfortable with it so far. Also have GG which has a loss on my original purchase, but is coming back firmly.
Nice article, maybe you need to buy some positions, it makes it a lot more interesting. World demand is going up. Price of gold and mining stocks still pretty cheap, although GG was up 27 percent Friday, AUY up 22 percent.
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