NEW YORK (Reuters) - Spot gold turned higher on Thursday, reversing initial sharp losses on technical buying and weaker equity markets.
Bullion was up 0.1 percent at $1,751.49 an ounce, having hit a near two-week low of $1,702.44 earlier in the session.
Wall Street is telling Main Street now that everyone wants to invest in Government Motors, and Haryley Davidson, and Toll Brothers Homes, "so dump your gold." Apparently, the Street did a good job in convincing the naive and proftit takers. Folks, we are just at the beginning of the meltdown of this economy. If this country doesn't experience a Ruby Ridge, every weekend, and a Waco, every month, and an Oklahoma City in 2012, then all I have to say is that American men have truly been chickafied, and are essentially zombies, with blank stares totally paralyzed. The dollar will collapse, and gold will soar to $5000.00 to $50,000 per ounce before this is all over. This meltdown of the economy has been in the planning stages since George Bush Sr days when he and the ruling class got Clinton to sign onto Nafta. It's all been a slide into the abyss.
No comments:
Post a Comment