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Re: Geaux Fish post# 1426

Friday, 11/05/2010 10:12:05 PM

Friday, November 05, 2010 10:12:05 PM

Post# of 4247
'Peak'? That particular commodity is driven by so many forces it ain't funny.
As long as the economy is in the red countries / investors will continue to seek safe havens and how many are there?

With the political climate in turmoil, with all the fear mongering going on Gold isn't going to reverse it's course for quite some time.
Currency is being constantly devalued, inflation continues, the country is going down the tubes literally leading to a point where just the interest on the national debt is going to be a real burden.
China keeps right on stock piling Gold building up reserves, what is going to be the driving force to make gold do a reversal?
It will fluctuate, but steadily increase in value until the world economy stabilizes, and I really don't see that happening anytime too soon.
JMO,
Mariner
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