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Message: Gold up 30

Gold up 30

posted on Nov 10, 2008 03:55AM

the daily pressure downward from the conex keeps knocking down the gains from overseas ... how much longer this goes on for is anybody's guess.

what we do not have to guess about is what will happen once the conex stops the downward pressure ... Should see a sizable spike in gold that will exceed the prior record highs.

IMO the biggest fear the conex really has is when the general public fear level is high but begins to say I got to get in on gold .... that will only happen when the price is allowed to spike ... will be interesting to see who the sacrificial lambs (which company will go belly up from the gold shorts they can not cover) will be. Another thing you can absoultely count on .... they will not be bailed out.

Orgy





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