why are people taking this down? Gold is at 976.30 USD per ounce as of 3/9/2008 16:07 pst… We are no longer in a bull market. Inflation is rampant and the dollar is dropping against all currencies. The dollar will drop more when the fed cuts rate on March 18…If gold doesn’t break 1000usd by then, the fed rate cut surely will put it over the top…Who ever is betting against gold, please do me a favor and bring it below 30%, and I’ll get rid of every other one of my current positions in the futures market and load up on gold…I dare you to do it!
The price of Gold will exceed 1000.00 usd per ounce before 3/31/08.
Inflation, inflation, inflation…What do people do under the threat of inflation….Buy Gold!!! have you seen the price of wheat, steel, platinum, copper, and oil….Everything is at or near highs…And the dollar is getting weaker every day..Lower short term interest rates…This will cause inflation… Buy Gold!
The price of Gold will exceed 1000.00 usd per ounce before 3/31/08.
are you getting worried yet? The economy is only going to get worse for the forseeable future…Name one piece of possible good news that would turn the market around and convince investors to pour money into the market? Not much right now …so where do people put their money when there is uncertainity in the markets? Yup, gold, baby gold!!! Wait until the BEA releases the revised Q4 2007 GDP numbers on Feb. 28th!!!!!Giddyup $1000 on March 1st!!!!
The price of Gold will exceed 1000.00 usd per ounce before 3/31/08.