Do I detect an element of racism there skol??
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yeah has done now I checked the gold price right after the FED ann. and it was past 1240.... next few days will give us a better idea how it all plays out ...waiting for some major PM miners to shut down... I see the Aussie Nickel miners are in major trouble BHP closing down a mine looking very grim for many Aussie miners..
Take away all the stimulus I say Gold would fall for a start till US debt market collapses ...but they can't do that watch the whole Taper to take years
Gold initially moved higher & then lost all its gains & is now negative. Stocks are higher on the news of the taper. Its early days so will be interesting to see what the market does over the next week now that the news is in. Remember there is still $75Bln of stimulus being injected each month which is massive. The question now is & let me know if anyone has seen anything, what is the timeline for further cuts in stimulus? I think it will be fairly drawn out to cushion the equity markets.
where are you seeing this price moosie? I've been using goldprice.org and currently seeing around 1218?
haha
clip don't worry , moosie makes predictions as if they happened already... current price is as you see it.
Gold bugs have consistently said there WILL be no taper. What's happened?
Stocks soar, gold tanks.
Looking good for the retirement fund.
SPDR Gold Trust down another 4 tonnes overnight. All adding up to the death knell for precious metals.
Yep ,maybe spoke to soon--we'll see.
Its the surge in equities that is surprising--Time will tell on that (maybe the share markets will go on forever to infinity--you think?)
They say its impossible to predict a bubble till it pops,but the share market is hitting highs as if everything is ok out there--Is everything ok out there??