The Uptrend in Gold Is Broken, Next Stop Could Be $1000

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The Uptrend in Gold Is Broken, Next Stop Could Be $1000

Postby 68Camaro » Thu Mar 14, 2013 5:51 pm

The Uptrend in Gold Is Broken, Next Stop Could Be $1000: Don Hays

NOT!

http://finance.yahoo.com/blogs/breakout ... 55307.html

The guy's an idiot. An ex-engineer, so I'm embarrassed for the profession. Actually advising people....

Could paper gold hit a down blip for a moment in time? During a crash, possibly. But the central banks will be buying all the physical gold they can get their hands on at any prices below where we are now.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: The Uptrend in Gold Is Broken, Next Stop Could Be $1000

Postby Slaphot » Thu Mar 14, 2013 7:33 pm

His only reason for gold to drop to $1,000 is that the stock market in an uptrend. I wondered if it occurred to him that with all of money printing going on that all asset price will be rising.
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