Hey, they're COMMITTED to stemming the bleeding in the stock market. They've already put $2 Trillion into it and they're meeting on the next $150 billion dollar "stimulus package" today.
The US, Europe and the rest of the world are headed for a DEEP recession and they're going to have to KEEP PRINTING MONEY for god knows how long to prevent a real DEPRESSION.
Physical gold is in SUPER SHORT SUPPLY, interest rate cuts make money easier...
IT'S A PERFECT STORM.
IT SUCKS cuz our dollars are going to be worth less though. The only way to hedge it at this point that I can see is commodities, and gold will be the ultimate commodity imo.
That's why I'm going heavy on the GDX miners. They've been beaten up WAY MORE than physical gold even, and their product will be in such demand as to make your head spin.
I do think the dollar is going to jump around a lot for a while because it's gapped up and down so many times that Forex traders will be playing it wildly for awhile, but the trend is now down as it's finally rolled over from that parabolic spike.
McGRANDPA's choice of Palin for VP was irresponsible, dangerous and an insult to Americans. By that choice and his continuing evil he's proving he'll do anything to win this election even to the point of endangering his own country. DEFEAT HIM!
McBUSHIE'S choice of Palin was irresponsible, dangerous and insulting to America's intelligence. That choice and his continuing smears/lies prove he'll do anything to win this election even to the point of endangering his own country.DEFEAT HIM!
