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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.22-0.2%Nov 21 4:00 PM EST
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To: Proud Deplorable who wrote (82724)11/5/2011 3:14:39 AM
From: pogohere1 Recommendation  Read Replies (3) of 217925
 
"After the washout of the greedy bastards who use margin is finished gold and silver will rebound strongly in my opinion. "

Maybe, but in the short term if the margin calls trigger asset sales globally, the US$ reserve currency will generally be used to settle accounts and the US$ will rise against other currencies. That may drive down commodity and equity prices in that same short term. Should the central banks crank up the presses in response, then gold and silver and other commodities will rise, and by quite a lot.
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