Replies to post #277501 on ORIONS Money Stocks

[matt24d]

Exactly what I have been saying. The safe haven play is gone out of the metals. Almost every single event that should of caused the huge rush to gold the last year or more has done nothing for the metal. In fact all its done is trend lower. I mean the Gov shuts down and Gold sits there. Back in 2008-09 if there was even talk of a Gov shut down the metal would of been up $100-150 an ounce in flash due to speculation. I am starting to think that the big moves we saw in the metal were 80% specualtion. I saw people talking about the speculation play and from the looks of it that is exactly what it was. Does it have a value of course it does but I think the big money that moved gold is gone. Will they return down the road? WHO knows!! But I think gold needs to find a place that attracts buyers and this level is not it IMO.

[Wrinkles]

Exactly BN, now that far lefty Yellen is getting nominated as next FED chief for Bernacke, we all know massive money printing will continue and go on until 2016 presidential election. GOLD will start drifting higher then as we get closer to Nov 2016. This massive balance sheet and massive debt will be almost tripled from $8 Trillion in 2008 to a projected $21 Trillion in 2016. This ship is taking on water like never before, blub blub blub to da bottom before much longer. Anyone who thinks we can keep running this debt up is clueless, they'll learn soon enough, amazing how much of the public is in la la land and clueless about simple math and what the consequences will be before long. If $21 Trillion in debt in 2016 doesn't scare someone, no clue what will wake up some people up and vote differently for a fiscal hawk, fiscal responsibility to save the nation for future generations, very sad state of affairs currently. Lastly, I believe in physical gold, you'll need it bigtime someday, jmo.