News Focus
News Focus
Followers 25
Posts 1277
Boards Moderated 0
Alias Born 12/17/2009

Re: AKFish post# 180561

Monday, 08/08/2011 11:59:04 PM

Monday, August 08, 2011 11:59:04 PM

Post# of 221984
Gold is at a high enough level now, where even a retracement won't take it below $1600 very easily. There is only more money printing and further rounds of quantitative easing ahead.

If it's going to happen (and I believe it will), it could come at any time. I'm sure this AAA bond rating downgrade is a major signal for them -- it's time to make the divy happen. Things could escalate quickly from here, and Lowenthal would be wise to get going because it's going to get hectic soon.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today