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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 366.51

+1.2%

Nov 5 4:00 PM EST

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To: Paxb2u who wrote (24870)	6/23/2011 7:52:48 PM
From: GST	8 Recommendations Read Replies (2) of 29622

Supplies are tight and demand is growing -- and tight oil puts pressure on prices which acts as a tax that increases the chances of a second big downturn -- so this was a move at 'easing' by using oil instead of QE3 (which will come in August). The impact on prices is to spike them down today and spike them up later as demand is spurred even as real supplies fall short of demand. This is a great time to buy energy -- very bullish. The short term dummies were selling today and the longer term brains were buying. Ditto for gold -- one of the best days to buy gold in recent months. A slowing economy will push gold higher.

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