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S&P 500
5,288.67
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US TECH 100
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0.24%
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Post# of 648882
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Stock Lobster

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Stock Lobster

Re: Tuff-Stuff post# 317770

Tuesday, 05/11/2010 8:42:40 AM

Tuesday, May 11, 2010 8:42:40 AM

Post# of 648882
Gold $1216, Nadler from Kitco on Tom Keene's right now...thinks gold cannot sustain these prices, although it could oveshoot to 1350 (GS's target)

He says we're headed towards a deflationary scenario, esp if China starts clamping down on asset prices

Kitco's only risk is a too strong Loonie (USD .95/.93c to CAD at $1.05)

He says gold at $880-$890 in 12 months.

LOL

_______________________________________________________
If you take anything I say as advice, you're crazier than I am.

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