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Central Missouri | The macd has crossed back higher. The longer the economic malaise continues the greater will be the interest in gold. My friend Jim Sinclaire says we are goin to 1600 prior to Feb 2011. That implies a 40% ROI on holding physical gold.
Here is the chart http://www.agrichartsmobile.com/markets/chart.php?page=ccharts&sym=...
Just my thoughts but if that is all the sell-off the market can muster in gold then Mr Sinclair may be correct.
You gotta ask yourself: Why in the world is gold going up? Why are central banks no longer sellers of gold but in fact are buyers? Don't just limit your thoughts to gold but what is going on in our world of economics that the buyers are overwhelming the sellers in gold? | |
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Gold chart
