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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated
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To: TH who wrote (43696)10/4/2011 10:34:54 AM
From: Mike M24 Recommendations  Read Replies (2) of 119361
 
TH, when funds need to raise cash everything including gold gets sold. yesterday the S &P 500 closed at the same level it was at in 2008 while gold is trading at double the $800 +/- price level of Oct 2008. gold was the first to recover in Fall 2008 and I expect gold will recover first when this decline is complete. I remain cautious until we get a European style TARP and QE III in the US.
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