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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: loantech who wrote (51480)10/27/2007 8:22:02 PM
From: pocotrader  Read Replies (3) | Respond to of 78421
 
that's what Grandich was talking about last week on BNN, if the Commercial shorts have to cover gold will move up to new levels previously unseen, I don't know if anyone follows him at all but he says the general market is going bearish for years and he is in mostly cash and gold and uranium stocks
poco



To: loantech who wrote (51480)10/28/2007 2:27:38 AM
From: Proud Deplorable  Read Replies (1) | Respond to of 78421
 
"But this near vertical price increase has many analysts calling gold overbought, and predicting a correction in the short-term"

These analysts are 100% wrong. They are evidently oblivious to the fact that many countries are now using currency exchange as a weapon against the USA. I'm not going to get into this as it could spark a political discussion but I am sure of this. The so called analysts that think the USD is oversold not only haven't seen anything yet but they think things are going on as usual and couldn't for the life of them understand why most of the world is rooting for America to lose its crown.

The writer is on the right side though. I liked a few of his earlier pieces this year especially this one so he may be labeled as an extremist also?
seekingalpha.com

and this gold bug gets kudos for poting this You Tube Video:

"The film linked below is mandatory viewing for gold bugs. While the beginning of the film focuses on the idea that the income tax on personal wages is illegal and unconstitutional, the remainder of the film goes into the creation of the Federal Reserve, currency debasement, Nixon taking the U.S. off the gold standard and plenty of other information critical to understanding the direction of the dollar and the price of gold. You can view by clicking the following link:"
youtube.com