Gold is not going to $ 10,000 in the near time. The US dollar is actually going to be rising in value during and shortly after the crash. Where is one to put their money other than the US dollar? Euro ? I do not think so.
Guess I can share a story that I just heard recently from a guy I know who is worth over 400 million. He told me that his banker who is one of the top dogs out there, told him to sell all his US dollars and hunker down for something horrible. He said the stock market could go to 10,000, but that the US dollar was going to do a one for ten reverse. Said it would fool everyone. That could also be the reason Gold would go to 10,000.
Greece Finance ministry on strike now and collecting no revenues. I guess that means one thing since its not affecting the euro or markets in general…the one bank with unlimited funds is now backstopping every equity market on Earth.
SPX resistance levels: http://niftychartsandpatterns.blogspot.com/2011/10/s-500-resistance-levels.html
I’m more inclined to believe that gold will crash to this FP level with the market first, and then go up…
http://reddragonleo.com/wp-content/uploads/2010/10/gold-fp-of-939-on-10-14-2010.jpg
Wow, now the euro just fell back below. Something big is coming soon.
Gold is not going to $ 10,000 in the near time. The US dollar is actually going to be rising in value during and shortly after the crash. Where is one to put their money other than the US dollar? Euro ? I do not think so.
When the end is near, just tell it all…
Guess I can share a story that I just heard recently from a guy I know who is worth over 400 million. He told me that his banker who is one of the top dogs out there, told him to sell all his US dollars and hunker down for something horrible. He said the stock market could go to 10,000, but that the US dollar was going to do a one for ten reverse. Said it would fool everyone. That could also be the reason Gold would go to 10,000.
What everyone least expected…
Red,sent you a e mail.
We know where the market is headed… 127.07 SPY! But I never dreamed they’d go straight up without any pullback.
Greece Finance ministry on strike now and collecting no revenues. I guess that means one thing since its not affecting the euro or markets in general…the one bank with unlimited funds is now backstopping every equity market on Earth.