Re: Last NR
in response to
by
posted on
Oct 23, 2009 12:21PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Good call Rookie. One of the biggest US Bond sale in recent history($130B if my memory is correct) is next week. The Feds are running out of Quantitative Easing money to buy their own bonds. With these low interest rates, It is imperative that they get as many people out of commodities and stocks into "safer haven" US dollar and Treasuries. Clive Maund is playing into their hads by telling everyone to bail - although he may just be anticipating rather than in cahoots with the Fed moves. So it is frighten the investors time today and next week. It will be interesting to see how the Chinese and Indians react - can they hold up the price of gold and silver under this onslaught by the US govt/Cartel. I am optimistic that they can hold gold around $1050. It will be an interesting week.
Mike