Gold is down today because China raised their interest rates because of INFLATION. The U.S. has declared its decision to create deliberate INFLATION. This is what will propel gold to much higher levels. Did the U.S. suddenly stop deficit spending and pay off the national debt today? Of course, there will be many corrections along the way. Use them to add to your positions. The only protection against thje coming storm is gold and silver. Your dollars will become more and more worthless. There are many people shorting out there who will bad mouth gold and AUY. That does not change the fundamental facts.
“However, if you are an aggressive gold investor, I would purchase one half of your total intended position in 2013 LEAP "calls" on AUY with a strike of $12.50. They were recently trading around $2.00. This will give you a long-term, highly leveraged trade on the future price of gold, with no margin risk downside.”
AUY130119C00012500: 2.75 0.00 (0.00%) : AUY Jan 2013 12.500 call
At the time of this post they are at 2.26.
If you do decide to buy into these let us know (or NOT) if you’ve made some spectacular profits.
wow long time no see! Remember you from the rno days! And yes we paid the interest payment on our 14 trillion debt with more printed money and more debt!Credit card swap and when the 0 interest runs out in 6 months then what?lmao