Jp Morgan & Goldman Tanking >> Strategic Defaults >
Check this out ! Goldman says eurozone banks need 1 trillion bailout ! Goldman says bad times ahead ! Goldman was the one who said buy now they say sell equities ! but gold will benifit hugely from Fed money printing ! don;t think banks are insolvent look at this I dare you ! I say tomorrow gold will break 1900 after jobs report when everyone realizes QE3 is coming !
gold will crush on any news. Cash is the king in any crisis. Don't listen to anybody. Gold has no chance to go up, it's a lose-lose situation on gold. If everything is bad-it will go down on short liquidity(look what happened on 2008, when gold crushed 35% with everything else), if everything is ok, than no need for gold, stocks are better. You'll see what happens in September. 15-20% haircut is in the cards allready. Why the biggest players on gold, like Soros, Bufett and Gartman sold their holdings a month or two ago? They know much more than you do.