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Re: Gold

By: capt_nemo in ROUND | Recommend this post (0)
Fri, 01 Jun 12 11:30 PM | 38 view(s)
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Msg. 41637 of 45651
(This msg. is a reply to 41631 by Decomposed)
Jump:

You're good wit your gold DE

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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The above is a reply to the following message:

Gold
By: Decomposed in ROUND
Fri, 01 Jun 12 10:47 PM

Msg. 41631 of 45651

Gold is now up about $75 from where it was this morning. Wow...
I'm glad I was optimistic about gold when I responded to meme yesterday!
It seems that when there is trouble in Europe or the U.S., frightened investors first seek the other economy's currency. When THAT region has trouble too, gold becomes the investment of choice.

There's going to be a lot more of this over the next 24 months. I'm now short-term optimistic about gold for the first time since last fall. I think a new high (which means $1,950) is likely in a matter of weeks.

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