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Gold/Mining/Energy : Canadian Warrants Only -- Ignore unavailable to you. Want to Upgrade?

To: gravityz who wrote (20646)	8/7/2011 12:38:09 PM
From: koan	Read Replies (1) \| Respond to of 23136

My guess!, is that given not just the debt downgrading but how markets are acting today and Europe (where emergency meetings are taking place right now over Italy) is that gold will increasingly join the treasuries in the flight to quality. So I expect gold to rise. But I am not so sure about gold stocks as I expect the stock markets to crash. And remember 08. It was a disaster for gold stocks even as the fall in gold was tempered. But, if gold really soars, say to $2,000 then I think gold stocks have to follow? But the thesis right now is really worldwide financial armaggedon which seems to be birthing right before our eyes. And, IMO, we in the US are doing everything exactly the wrong way to meet our economic problems! Put simply, we are follow Hayek and should be following Keynes.