Pages

10.22.2010

Silver And Gold Consolidation

GOLD and SILVER BREAKOUT & CONSOLIDATION
Motive should no longer be to capture the cheap artificial price like in 2008 and 2009 under $1000 or $1200 for gold or in the teens for silver. Now the motive is to get out of the USDollar, avoid its sinkhole, and stay clear of dangerous monetary downdrafts and whipsaws. The present day objective should be to preserve money as in avoid the crash. One should prepare potentially for the US$ to lose 30% to 50% more purchase power before end 2013. Gold & Silver are much more than hedges against the lost US$ purchase power, a breakdown in the monetary system, or an insolvent dysfunctional corrupt banking system. They are investments against rigged corrupted controlled Gold & Silver market. Remove the heavy hand in market interference, like with naked short futures contracts, a regular feature on the COMEX and LBMA, and the true equilibrium price for Gold & Silver would be at least double. Gold & Silver are investments that the precious metals can break loose from captured markets. Paradoxically, the same loss of purchase power for all major currencies is in the works. The media wonks are starting to comprehend the risk. They say a rising stock market is required to keep even with the falling USDollar. Exacto mundo!! Click Here To See Entire Article