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Replies to #38995 on FOREX TRADERS

Ataglance2

06/30/10 6:49 AM

#38996 RE: Relentless Despot #38995

as far as gold......
a war with Iran would drive up inflation in the USA and actually pull us out of deflation...,which still fits the gold bubble scenario, and the threats we have with Iran has already drove up the price of oil and gold causing the commodity bubble.. in speculation alot of the middle eastern countries are hording gold waiting for that day......but if it happens ,that we pull the trigger,it would cause the US to raise and keep raising interest rates compared with 80's..as high as 20%....causing the gold scenario to still happen.....Im sure Iran has bought every ounce of gold possible and its other axises of evil as well,with the US,knowing this by itself would cause the imf to drop the price of gold soon after initial spike of speculation world wide..gold could spike to 1500,but what ever the number it decides to hit will only make it that much more uglier of a fall......either way for now,gold should goto 13 something as a momo play ,before the currencies change direction..?