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Elizabeth: Are there reasons that make you think that gold price is going to turn around and goes higher??? Asia flu, deflation, mighty strong U.S. dollars, ECB gold reserves,Hong Kong and China currency under pressure, U.S. GDP this quarter estimate is 1.5 far below consensus estimate, no inflation is expected in the horizon,crude oil @13.50; CRB hit 7 years low @205, the only sign may be shown is that Dow crashed yesterday down nearly 300 points, I hope this down turn of DOW will continue and hope that also will effect U.S. confidence on U.S. dollar, then gold might have a chance to go that above $$300. Or else, I see lots working capitals sit in the prison cells of VSE, ASE or TSE or else some one takes the loss for negative returns. |
