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Msg  79387 of 115170  at  8/5/2011 2:14:49 PM  by

eagleeyeinvestor


 In response to msg 79385 by  Barbie
ignore topicview thread,  thread start

Re: Big move up coming in Gold and Silver next week?

No matter what happens next week, over the next couple of months there is going to be a scramble for PMs.  People might freak out to get physical.  We all know there is a limited amount to be had.  The scramble for physical will drive the price much higher.  Germans will go nuts to buy even more gold once they realize what has happened.  They have the history of Weimar.
 
The only thing holding gold back right now is GLD.  John Paulson took a beating in the market and he likely had to liquidate a lot of GLD.  Watch what happens when he is done.  There are also likely a lot of funds that shorted GLD and SLV thinking the top is in.  You could have some real fireworks soon.  I am thinking maybe a $75- $100 up day in gold could be around the corner.


 
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Msg # Subject Author Recs Date Posted
79388 Re: Big move up coming in Gold and Silver next week? Barbie 2 8/5/2011 2:19:13 PM


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