Great to see the HUI index close the week at an all time high of 507 also great to see the DOW DOWN AS WELL AS THE USD. I guess the billion dollar injection wasn't very useful for the markets. As a result Ben Bernake will have to slash rate approximately 0.75 to 1.0. It just seems as though this snowball effect is never ending and will only continue to worsen.
This is all gold postive as a result Gold closes teh day at an all time HiGH OF 1000.00 oz. I thought that Jim Sinclaire said that this is where teh batle begins!It seemed to me that there was no battle and that is broke through with ease. It only going to go higher as economic data continues to worsen!
All the large caps Kinross,Goldcorp are pushing 52 wks highs its only a matter of time before that money moves the juniors to unimaginable levels!All i keep hearing on the NEWS is talk about commodities more so about crude because it effects teh daily commute for drivers but also on Cash grab for gold and how a small 1 oz of Gold is worth A WHOLE 1000.00 an ounze!
AS FOR ECU IT WILL BREAK NEXT WEEK THE 2.20 resistence and move to much higher levels. The markets will have a fantastic week as Gold and Silver lead the pack and the stocks are all going to follow!
THIS IS IT AMIGO'S
sharky