Replies to post #33919 on GOLDBUGS AMEX Goldbugs Index (GOLD)

[griff]

One last thing...


When I say "I do tons of reading on the subject" didn't mean that to say so I know everything! Hell, I forget half the stuff I read, lol :) I just read everything I can get my hands on in the subject.
But it has all gone in to forming my thoughts & opinion..



Only a fool knows everything. A wise man knows how little he knows. :)
Unknown

[RBKissMyAs]

They have the keys to the printing machine so....

[Sparks111111]

Totally, after gold hits about 1360, it's going to stay between 800-1000 for a few years, FED knows it can NEVER ever raise interest rates and they can print money forever, so it doesn't really matter, gold will ONLY move if interest rates go up, no war, airplane crash, CPI, GDP, employment at 2% or 30%, QE , no QE, it doesn't matter, none of those will make gold up, only inflation and the FED will never allow it.

They're talking mid 2015? no way, won't happen.

Gold top of resistance is still around 1360, but after that, bye bye, I'm selling all my miners, because gold is worthless. I see it going back to 200$ / oz in my lifetime.