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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: gold$10k who wrote (43143)4/25/2013 7:02:38 PM
From: SwampDogg1 Recommendation  Read Replies (1) | Respond to of 48092
 
would just make the market stronger as physical buyers that missed last week will be back buying even more

and/or

another weekend mugging will be viewed as being the joke that it is

will be hard to take this market down in the light of day
may just continue to melt higher

retraces the entire move down
silver starting to confim



To: gold$10k who wrote (43143)4/25/2013 9:56:10 PM
From: smh2 Recommendations  Respond to of 48092
 
Sounds right to me.

"I think we are in a long-term secular bull market for precious metals that primarily reflects the ongoing expansion of the money supply. In theory this could be wrong and the bull market could be over but I see an 80% chance that the primary trend reasserts. One of the reasons I believe this is that Mr. Global - that's my nickname for the people who govern and manage the global economy -- wants a managed rise. To grossly oversimplify, he used fiat currency to steal everything, but once he's stolen everything he'll want to flip to sound money to keep what he's stolen. We've literally had a financial coup d'état and now that the coup is over Mr. Global wants to move to a sound currency. So to me this is simply a reset and doesn't change the long-term trend. If I'm wrong about that and he doesn't want a managed rise, then the system absolutely has the power to drive gold back to a low price."