Key day in markets
in response to
by
posted on
Dec 06, 2010 07:05PM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
With BB confirming QE 3 and no jobless non-recovery for years to come (last night, 60 minutes), President Obama caving to Republicans to give tax breaks to middle class, and wealthy, and additional tax breaks for the wealtiest, iheritance tax break and all teh UI benefits extension and student breaks without any cutting of spending... things are going just as Dr. Mark Faber predicted. Politicians will spend as fast as BB can print it, and the deficits will never go away, only escalate.
This means the price of gold will continue its bull run, fueled as much by the systematic devaluation of the US dollar (and Euro etc), as it is by loss of confidence in fiat currency worldwide. taking the say 25% shock of commodities inflation you saw in Puzzleman's last post, when these things really hit the economy hard, and we are set for a price of gold over $1,800 this time next year or so.
Also, if Robotrader is really done, the lid is off the pot for Tyhee. That would be nice. While it would mean I personally won't be able to take full advantage of the low share price, I would still enjoy seeing what I have go back into the black.
Too bad there's no big news in the pipe, from what I see. Xmas break before any real drilling news, say late january?
Good day for Tyhee investors, anyhow.
SKELEG