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Message: Re: Gold @ $1214.50 eom
2
May 11, 2010 06:51AM

Gold keeps climbing, great!! The question to ask is WHY?

Is the fear factor not removed? Did we not rescue Greece and the other members of Piigs with this 1 trillion dollars package? The market is telling us a big NO!! Solving big debt problems with more debt problems is not the answer. The longer they prolong this, the higher the gold prices will go. When they finally default on their debts, a very slow and painful recovery can start...but this will result in even higher gold prices.

I am 100% in CMM and GNH now. Too nervous about the world economy to stay in Noront as they are a base metal play that requires world growth-and we are heading for a major contraction. Gold is the place to be and I cannot see this turning around until we see the system breakdown...as painful as this will be.

Glorieux


May 11, 2010 08:34AM
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May 11, 2010 10:18AM
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May 11, 2010 10:27AM
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