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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 396.31-0.6%Dec 31 4:00 PM EST
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To: Haim R. Branisteanu who wrote (56373)10/13/2009 5:23:06 PM
From: TobagoJack2 Recommendations  Read Replies (1) of 218913
 
just in in-tray

player 2: I think it was Yra Harris or was it David Einhorn (or was it someone else?) who said (correctly) that the real upmove in GOLD will come when the mkt realises that both fed & ecb are engaged in debasement simultaneously.......

player 1: actually, although gold is not yet at new highs in euro terms (iow., its recent rise was mainly a weaker dollar side effect), the chart of gold in euro looks quite good. as it were, there's actually a fairly good chance that 'crisis, act 2', will be centered on Europe (a number of peripheral countries, many euro area hopefuls, are probably just as bankrupt as Iceland is.).

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