Discussion of Housing Bubble, US Dollar, Debt, Trade Deficit, Oil, Gold, Consumer Spending, Central Banks, Inflation, Outsourcing and the Bleak Future of the US economy
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Wednesday, September 02, 2009
Gold popped up > $20 today on safehaven buying - the biggest gain in five months as it sliced through resistance at $960. Charts are looking strong - and many analysts believe new highs will be made within the next couple weeks...
Better get aboard before the gold train leaves the station - as it may never return.
Update as of 4pm Thursday evening - gold is rapidly closing on $1K