As usual, AG used or uses market to do his monetary policy, what he indended to accomplish is to let Dow Crash down to 9,000 or even down to 7,000 within 3-6 months, then US economy will be in recession, therefore AG and his company will not have to do anything just ease int rates again, you see one run of business cycle already.
In the mean times, this 6 months will be very bullish for gold I expect $417.50 by the end of October, and maybe $500 in 6 months time frame as finincial chaos kicked in uncertainty in the global financial system will promote gold real value, today, gold price has een very much over sold.
Another reading post for reference--
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John Paquet |
