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01-04-2014, 08:58 AM
Mad Hedge Fund Trader

Of course you knew it's going to happen similar to this. After churning around just under the previous high, and sucking in numerous profit takers and short sellers as is practical, gold blasted by means of a fresh high for the year of $1,038. It didn hurt that Australia cut its rates by 0.25%, the first G20 country to do so. There probably isn enough gold on this planet to fund lots of weeks of world oil production. Total gold holdings would only fill two Olympic sized costly. But never let the truth impede of an good trade. The confirming moves couldn a little more ubiquitous, aided by the Canadian, Nz, and Australian dollars all up big, commodities strong, and silver also going ballistic. Regular readers will all recognize these as old friends of mine, core longs i always happen to have been strongly recommending forever of year. And also trying to find investors into gold given it was at $800. For those who aren in gold at this stage, Allow me to only tear my very own http://www.valuebasedmanagement.net/nb7.html clothes and flagellate myself in my abject failure to convince you of gold merits. Government debt is exploding, in accordance with foreigners holding a big part your paper, the best way to http://perb.ny.gov/demo/uggs.html leave this mess will be to devalue the dollar. It like Obama アグ 通販 (http://perb.ny.gov/demo/uggs.html) invited China president Hu Jintao to dinner at an expensive Upper East Side restaurant, and was suddenly called away by the crisis, leaving him having a big fat bill. Next stop $1,200, then $1,500, then a old inflation adjusted most of $2,400.