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SPDR Gold Shares Message Board

  • nflatit nflatit Feb 29, 2012 1:08 PM Flag

    G20 set unleash $2 trillion simulus by APRIL...Silver & Gold to go parabolic

    Did you see the move in Silver today? It dropped fast and has been surging off its 150 MA...Gold did the same

    Silver made a powerful stage 2 breakout above its 150 MA and that is holding

    Gold also in stage 2 breakout above its 150 MA

    WHY is it holding?

    Perhaps it because the G20 plans to release up to $2 trillion in worldwide QE3 by April..

    Silver to go parabolic as world keeps printing money Gold also.

    Stage 2 breakouts lead to powerful long lasting rallies for multi months

    Prepare for new 52 week high for SLV & GLD

    The G20 is racing to line up massive international resources worth nearly $2 trillion - including existing and new funds - possibly by late April. That would help to draw a line under the financial crisis that erupted in 2008 when Lehman Brothers collapsed, spawned the deepest U.S. recession since the 1930s and now has engulfed Europe's deeply indebted countries.

    It would mark their boldest move since they ploughed $1 trillion into their economies three years ago to combat recession. Many advanced economies are still flooding markets with cheap money to combat weak growth and prevent financial contagion.

    Respect a powerful stage 2 breakout...they only occur once a year maybe and cannot be ignored.

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118.36-0.70(-0.59%)Feb 12 4:00 PMEST