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


To: Valuepro who wrote (61675)10/16/2008 9:26:50 PM
From: loantech1 Recommendation  Read Replies (3) | Respond to of 78410
 
I think there is a good reason for gold and gold stocks falling hard of recent weeks and days.
Obama is leading in the polls. Even though democrats are supposed to be tax and spend we have enjoyed our biggest gains in gold and gold stocks in decades under the Bush administrations deficit programs and trade imbalances this past 8 years. The wise big money gold people must realize that Obama if elected will have a somewhat better budget process and less deficits and may improve the trade balance and less financial shenanigans.

I have no real idea if this is correct but it may be one angle to look at.



To: Valuepro who wrote (61675)10/16/2008 9:55:44 PM
From: E. Charters  Respond to of 78410
 
Seems like Roulston is about the only pro gnosticator that is beating the drum of reason and recovery. He may be right. Maybe 55 trillion in credit default swaps will blow away in the winter wind and we will wake up in the spring metal rich, cocky and blustery.

Magnificent, I say, just spectacular. We can wish and wish and wish. I have my eyes tightly shut and my finger crossed and said mr. may I a hundred times and pray to god and bless me. I know when I open my eyes the who thing will have been forgotten.

I am not sure on the fundamentals. They are good for gold, but evil broken men with desperate needs and no moral fiber trade paper gold to just make money. It isn't right. It shows no respect for the metal.

There are 530 billion tons of gold in the earth's crust. We only have access to a small percentage of that. Less than one% at the surface and at that where it has concentrated. I will take what we can get at.



Where gold was made.