Welcome To The Silver Standard Resources HUB On AGORACOM

SSO on the TSX, SSRI on the NASDAQ

Free
Message: commentary from lemetropolecafe

commentary from lemetropolecafe

posted on Nov 12, 2009 09:41PM

this is from his source in europe, a trader who is rarely wrong. and march isn't so far away.

*The gold market remains very tight and he expects gold to rise to between $1350 and $1450 sometime in March.

*Doesn’t expect any major pullbacks in the near future.

*Says in March, or early spring, the US government will have to make a choice to let the dollar go, or raise interest rates. The raising of US interest rates will throw the US into a depression scenario. So he believes they WILL let the dollar go, in which case it will achieve oblivion status.

*He has another major corporate client. He fully invested the client at $1080 gold.

*He visited with two central banks. Both felt the price of gold would rise 25% next year.

Share
New Message
Please login to post a reply