Gold is going to break record highs today

All we need is 14$ more...

The mines have been strong although not really skyrocketing (yet).

Perhaps today.

Or tomorrow...

 

6$!

 

this is about the place where i would expect a cartel smackdown to come in and shake out the weaker longs. i wont be among the ones shook out

 

great buy stops at 1260....

 

1500$ here we come!

 

interesting chart from shanky's blog implies caution is due.

 

I've harped on gold and metal stocks for a long time. Although they have gone up a lot, (check MCP since i posted about rare earths) there is no guarantee they will continue one way or another. Although the Fed and gov't have a strict anti-deflation policy, which keeps metal prices heading up, there is no guarantee there won't be a policy change later this year.

One factor working in the favor of non precious metals and rare earths is they are used to make weapons, which seems to be a booming business.

 

Gold is a weapon. Owning gold is the only action a citizen of this republic can take to defend against its government (economically).

LONG LIVE THE GOLD BUG

 

until the government decides you cant own it (again)

 

Hear Hear.