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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 408.24+2.3%Dec 22 4:00 PM EST
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To: Rolla Coasta who wrote (11007)11/3/2006 10:13:09 PM
From: Square_Dealings  Read Replies (2) of 218660
 
gold is a debt instrument, there is a lot of money borrowed against it.

so a credit bubble bursting can actually send gold much higher as the debts become due. the fastest growing countries in the world are accumulating gold and now have more in total than the G-7 nations combined for the first time in history. fwiw

i expect it will pull back to retest 600-615 again, maybe next week

s
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