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


To: LLCF who wrote (68667)1/11/2010 12:57:12 PM
From: kayco1 Recommendation  Read Replies (2) | Respond to of 78406
 
"Anyone worried about a sell off in gold shares after January.." Absolutely. There is no logic to gold thing. When you get bad employment figures, dollar drops and gold goes up. At some point those bad employment figures lead to bad market and rise in dollar and drop in gold. Some where in last couple of days I did read article showing in last 20 years where S&P went down and gold went up - 3 times. I can not now find article.

The hope for gold is that some how Emerging nations drive demand for materials while US suffers and can not raise interest rates. Did read article last week saying that China exports also driven by trade from SE Asia and will not be so subject to pressure from US to let RMB rise. Possibly China refusal to play by rules may lead to Forex imbalances and help gold price. But I see no real logic to gold ups and downs. IMHO.