You got bear trapped. Easy as pie. You walked right into it because you think you know what you are looking at. You are a dummy. BEARTRAPPED like all the rest.
spot gold at $1,362/ounce and rising
s&p 500 futures dropping and dropping
gotta love my physical gold holdings
via gold coins and platinum coins
this is where 90% of natural resources are and the majority of the population is ethnic Russian. In the long run, Russia will be stronger and RICHER. When I hear Obama talking sanctions, I laugh, the creditor is RUSSIA and the debtor is the U.S. Obama has zero leverage, with a shrinking GDP and population, a surging debt. The only thing left is a PRINTING MACHINE by Yellen, how things have changed. I predict Russia, China and India will create a new WORLD currency backed by GOLD soon.
It is plain to see gold is not rising he dollar is falling gold is maintaining your wealth thats all
I think you are correct all we need is steind to enjoy the party !
gold keeps making new high for 2014
each trading day as a safe heaven
from red market melt-down due to
bad china data and crimea/ukraine issue
love gld from 114+ bottom on 12/31/13
gold = cash $$$ = green green green
Anemic volume and inability to break 130 mean that there are no gold buyers yet. One would think that there will be a correction. The anemic volume suggests a minor correction because there are no sellers.
it is not manipulation nor is it perceived fed policy causing pog rise. it is an economy projected to grow near 3 percent this year while the economist with best forcasting record is saying 2 percent.. if significant economic slowdown occurs the shorts in the bond market will drive the yield on the10 yr to important lows..this is the MARKET determining no matter what the fed does...neither wall street nor the fed can manipulate pog if demand is strong.
bernanke spoke clearly that the fed cannot cause the economy to grow... it can squash growth by raising rates till recession but growth must be spurred through government policies (taxes, incentives, regulations etc)
This one is from Jan 2014.
China has effectively cornered the gold market over the past couple of years by draining the vaults of the world and will now create a shortage of the yellow metal that will hike its price just as the US billionaire Hunt Brothers goosed silver in 1980 and sent the price to levels it has never achieved again in 34 years.