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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST

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To: TobagoJack who wrote (97094)12/13/2012 8:30:41 AM
From: carranza21 Recommendation  Read Replies (4) of 217615
 
Gold getting hammered today as it seems increasingly likely that we'll go cliff jumping.

USD up and 10 year rates rising to 1.7% .........woooohoooo....still in the negative range.

Cynically, the Dems might allow unemployment benefits end for millions if they don't get their way in order to crush the GOP. That's rough, too rough, and I don't see such a thing happening, but I could be wrong.

The Aussie guy's rational comments on QE are also having impact, certainly did last night.

In any event, I am today going to add a bit of Never To Be Sold Golden Salvation to the core PF. If we jump Dismal Cliff, will add more as I think gold will suffer even more, presenting golden opportunity to buy cheaper.
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