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hokkaido77

hokkaido77
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  • Gold slipping in the wake of the Fed's even easier policies doesn't surprise Uri Landesman, who sees a dramatic correction ahead. The metal performs best as a "flight to quality," he argues, and the Fed moves take that bid away. His downside target next year is $1,400/oz. [View news story]
    Gold will continue upwards for another decade or two because the U.S. will not be able to pay the 84 Trillion in liabilities we owe.
    Dec 19 12:52 AM | Likes Like |Link to Comment
  • Comex gold finished with sharp losses, -1.6% to $1,670.70/oz. and its lowest settlement since Aug. 30, and futures continue to spiral lower, down ~2% at $1,664. The usual reasons are cited - expectations of a fiscal cliff resolution, a drop in the U.S. current account deficit, rising homebuilder confidence - but gold has been losing out in a recent trend toward riskier assets[View news story]
    Sycophants and Quislings Abound--Stay strong.
    Dec 18 09:37 PM | 1 Like Like |Link to Comment
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