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Friday, 05/14/2010 8:23:19 AM

Friday, May 14, 2010 8:23:19 AM

Post# of 26631
Question to the board. IMO we are going to have a double dip and it may happen before year's end. Cracks maybe showing now with these Euro problems The markets are up now based totally IMO on zero interest rates, so you are forced to put your money in the market to get any return. The tarp money government gave the banks to lend to the public is being used in the casino we call the stock market. Artifical pump.

You listen to the government/the media and the recession/depression is over. Good times are here again. I don't buy into that for a minute because: China is slowing, housing is still in the dumps, unemployment is still high, world-wide debt is at all time highs and it can't be paid for. Just to name a few, there are more of course.

My question is when this double dip comes and I think it will. Where will gold go? Will it sell-off like it did in 2008-09 or will it be perceived as a safe haven and move higher?

I have read opinions from both sides and wanted to get feed-back from some of the posters here. I will express my opinion in a future post.
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