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GOLD & EXIT STRATEGY: PATH OF LEAST RESISTANCE IS UP
Gold may surpass $850 April 12 (from MarketWatch) -- "Independent precious metals research group GFMS said developments across the Middle East are one factor that may help gold post further strong gains in the next two years -- and even surpass the 1980 high of $850 an ounce.
In its Gold Survey 2006, released Wednesday, GFMS said it expects the metal to find support in a slowing U.S. economy, weaker dollar and inflationary pressures. But after its gains of the past year, the metal has also become an attractive investment target for institutional investors, making it an asset class in its own right as well as an inflation hedge."
My question is when will gold go beyond $1,000 ?
I stated somewhere in 2003 it would double by 2007.
We are now in that range. Remember the trader says:
"The path of least resistance is UP."
Somewhat unrelated -- but still in the same intelligent cosmic moment -- hobie also kindly reminded me on a noetic note of this interesting NYTimes headline of today:
"New Chief of Staff Sends Message:
The White House Exits Are Open"
.
Exit strategy is what the gold trader stated about gold:
THE PATH OF LEAST RESISTANCE IS UP ;-)
Usually when gold jumps so fast, it means certain people in the know are preparing along the lines of "mobility" and we also should watch silver carefully. As you know hobie always featured silver at RMN in a timely manner. He signalled to me it is right now at $13.64.
The explanations handed to the public by the "pundits" are a bit esoteric. Maybe people are using common sense and it starts to show... I am not allowed to give medical or investment advice. But you see the signs of guidance on the firmament: Venus is conjuncting Uranus any moment now. This could spell in a surprising move in matters related to barter. Asia is buying gold tonight . . .
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