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re: Gold Up $23.60 Today

Posted on 11/23/09 at 10:06 am to
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 11/23/09 at 10:06 am to
Are you still predicting the price of gold will fall to $35/oz by February of next year?
Posted by Rivers
Florida
Member since Nov 2008
3256 posts
Posted on 11/23/09 at 10:19 am to
You need to be tested for dementia. I predict that gold will continue to rise untill the Fed stops printing dollars without regard to relationship to the real, now unreal, economy.

Some on the Fed have stated that the fed probably would not raise rates till 2012. Gold will climb a long way between now and 2012...eh, fatso? Or turn the table and say the dollar can fall a long way in the same span of time.

BTW, how come gold has gone on a big run since Obama returned from his visit to the middle kingdom? Perhaps the Chinese did not like the answers to their questions?

...and, why is China encouraging it's citizens to buy gold/silver and opening new outlets all over the country to make it easy to buy? The Chinese do nothing without long study, unlike American pols that sign tomes that none of them have even glanced at or know the title of. Whats up with that, eh WHOGAS?

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