the telegraph newspaper of london had a headline today I excerpted this bullet point. -Peter Hambro, the founder of the second-largest gold producer in Russia, expects the prospect of worldwide stagflation to drive gold past the $1,000 barrier this year.- my comment ... platinum and silver both helped gold remain firm today with platinum hitting $1600 USD an ounce a new alltime record
Benny B-52 will have to firehose the planet with dollars and the ECB says they wont cut.... gold up 33 today bottom to top says to me anyway that the fix is in.... an opinion of course
the notion is that the US will be forced to devalue and may not be able to control the decent..... if Benny cuts 50 next week, the new carry trade may well be sell dollars and buy X X is of course your choice....
various newswires had this hitting the tape on friday if this were to be a long term crisis not only would this affect the "miners stocks" but also the precious metals themselves -South Africa's three top gold producers and the world's biggest platinum miner suspended production at all their mines in the country due to a power crisis.-
I assume that with platinum hitting fresh all time highs today ( currently over $1800 USD ) that eventually gold will be the benefit of this to the upside
clinton-obama ticket is forming tonite and gold is starting to move.... ahhh... the purest of money........