Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John McCarthy who wrote (91311)	12/8/2008 9:38:28 PM
From: koan	Read Replies (2) \| Respond to of 116555

>>more than 3,000 tonnes of gold to flood the market this week. Bolser, based in Florida, says the International Monetary Fund will release the gold for sale on Wednesday, Dec. 10. The 64-year-old Bolser says the price of gold subsequently will slide as much as 40 percent – to $455 an ounce in coming weeks from its current $760 an ounce.<<< Koan: "I think if the IMF dumps the gold, that China will suck it right up. China wants more gold, but doesn't want to drive up the market, I think. The deflationary depression is still deepening big time and people worldwide are squirrling gold away. No one knows what all this liquidity creating will do to any particular currency. No one can predict what will happen. Gold is safe.