Altair: Where Does It End? (3 Viewers)
- Thread starter Bjerknes
- Start date
I saw an "expert" last week who said Gold, at these levels of various pricing, should be around 3000. I always take what I see on TV with a grain of salt, but what does make sense is with a global recession and falling prices of the US Dollar with rate cuts, Gold becomes a safe outlet to keep your money. If the US economy collapses, Gold will still have some value.
Basic gist from an analyst on CNBC World:
"With the US printing off more and more bills, people will start to hedge against the currency risk. We may test the 750 price level in the next months, but after that I suspect the price will eventually reach the 1300 level once the whole crisis is over."
Meh, whatever that means.
"With the US printing off more and more bills, people will start to hedge against the currency risk. We may test the 750 price level in the next months, but after that I suspect the price will eventually reach the 1300 level once the whole crisis is over."
Meh, whatever that means.
Kinda makes sense I guess 
. So it will eventually be up is what I concluded.
. So it will eventually be up is what I concluded.
I try to go with my instincts with these times. Everything I hear I second guess, every chart I see I examine with a grain of salt. I have no idea what I'm doing, but at least I'm not blindly following some fools. Altair was right in saying technical analysis is the only way to trade.
Speaking of gold, FYI -- Palin's political nemesis:
He would eat her alive anyway.
