Followers | 2 |
Posts | 65 |
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Alias Born | 11/26/2013 |
Thursday, December 05, 2013 4:17:47 PM
I enjoy reading between the lines, usually in politics and in the business world when they say one thing usually it means the other, so needless to say this one has got my eye just waiting to see where it might find support, I personally think gold goes down further to $1,000 an ounce to shake more sellers loose and it could be possible to see $700 an ounce, that's a stretch but i've seen stranger things happen, consolidation and manipulation takes time and "Tapering" will not happen because if it does we couldn't afford the interest on our loans but if they were to try it it would last no longer than one quarter in my opinion, we as a nation have to print money that's the only thing we make these days, hahaha. Miners have taken an absolute beaten but between this one and NG or GFI I'm considering taking an initial position but allowing myself to average down if needed but doing more dd so I can get a better idea of what a decent entry price may be. Both Paulson and George Soros both stated the money (billions) they made in 2008 with the housing market meltdown will be nothing compared with what they stand to make with gold. Problem is big spenders can afford to wait and sit on their investments because to them it doesn't matter about a small percentage in decrease or increase when you have billions but the average trader or investor has to try to get the best entry price they can on a particular investment because the room for error is much smaller. http://www.ibillionaire.me/funds/5/john-paulson/paulson-co-inc
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