Friday, July 22, 2011 5:37:34 PM
A lot depends for the price of gold, obviously, on the situations in Europe, the USA, and Japan with their astronomic debt loads.
Since the crowd of traders in the equity markets seem to prefer to ignore the above in favor of chasing stocks, it's hard to say what will transpire price-wise in Gold & Silver when those governments and the Euro countries most likely 'kick the can' down the road and let debt pile upon debt, even as traders seek 'winners' to make money off of in their trades.
As long as equity followers focus on dividend paying stocks and those companies with good earnings and chances of positive growth percentages, they don't seem to care about the underlying financial security of the nation's carrying the most debt.
Even if the USA debt limit is raised again, the result is still only more debt going forward. Sooner or later, the matter will inevitably be addressed when sovereign debt ratings are threatened and the overall balances of financial power are readjusted.
Starboy
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