KITCO: Gold Reclaims $1,700 After FOMC Statement Signals Fed More Dovish Than Thought

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Originally posted by captainbeam

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Originally posted by peacock1
Do you still feel the same captainbeam?

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yep, how much more evidence do you need?
US can't get a debt deal done, europe is falling apart, there is literally blood on the streets (again) in mena.
and where is gold?
yep, it's sliding again.
where is all the money going? into the US dollar.
you may want to keep some gold as a inflation hedge, but stop believing in the end of the world doom and gloom forecasts.

for those that bought above $1900 there is still time to get out with relatively small losses.
this thing is headed back to $1600, then $1200, then $1000 and eventually settling back at the $800 level where it was before the financial crisis began.
how long that will take I can't say.

sorry to be the anti gold bug here but I just don't see how gold can keep going up forever like this.

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mor

Whenever you experience joy, peace, security, equanimity or purity, it is only because you are aligned with ALMIGHTY.

http://www.sfomag.com/MarketSpotlight/Market_Spotlight-Bull_Signals_Stack_Up_On_Gold_Chart_Targeting__1_800_Ahead-ms225.aspx

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mor

Whenever you experience joy, peace, security, equanimity or purity, it is only because you are aligned with ALMIGHTY.