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Re: goldbuggy post# 2447

Wednesday, 08/26/2015 10:28:23 AM

Wednesday, August 26, 2015 10:28:23 AM

Post# of 47603
I think we see Gold price drop well below 1000 an oz. before we bottom out. They are now saying Fed rate hike would receive a positive affect on the market, which is the opposite of reasoning. So they're expecting the dollar to weaken, gold to continue to drop and the market to rise all at the time??? If gdp continues to rise thats what will happen.

To me its about how fast China's market shows signs of bottoming out and who out last who (opec or US) in the oil war with this mass production. Cnbc said recently largest oil producers can survive $25 a barrel production price but we should start seeing smaller companys filing bankruptcy or experiencing being bought out. While the middle east wavers on whether or not they're accomplishing they're goal.

What happen to America's dept issues?