C2, personally, I do NOT want people owing me money let off the hook, but thanks for the suggestion. I'm sure the debtors would think it a spiffing idea. <We need a debt jubilee, a reset before things will improve. >
Meanwhile, gold took a step down despite Merrill talking their book, saying gold should be at $2000 by end of year. They have obviously not read about the official sooth of $1727 which remains in place despite the current softness in gold price, weakness in platinum and woes all around. <
"We think that $2000 an ounce is sort of the right number," said Bank of America-Merrill Lynch's head of global commodity and multi-asset strategy research Francisco Blanch to CNBC on Wednesday, forecasting a further $500 billion of US quantitative easing by year-end.
"We believe that ultimately the Fed will be forced to do quantitative easing. If it happens in September, as our economists expect, we will get a rally sooner in gold.
"Probably we will touch $2000 an ounce sometime next year."
Longer-term, however, other analysis from Bank of America-Merrill Lynch now recommends selling gold, not buying it, as "a secular contrarian" strategy. > goldnews.bullionvault.com
Did you get into GNOM at the bottom? I didn't - I was loaded up enough so let it go [especially since I don't have any insight to what the heck is going on]. Up 50% today.
Mqurice |
