persistent and continual bad news about the Euro and the daily disastrous job numbers could be the catalyst for an upward resumption.
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It hasn’t stopped my wife and her galfriends from hitting jewelry shows at unprecedented levels. she has a lot of precious metals and gems.. I was shocked she actually scrapped some stuff.. I’m talking borderline hoarder. ;-]
Here’s to $3,000 an ounce gold by New Year’s Day!
Hmmmmm.
There are two theories floating out there:
Theory 1: The worlds currencies, led by the Euro continuously weaken and gold and silver naturally rally as the only remaining safe haven.
Theory 2: The Euro weakens strengthening the dollar with a subsequent weakening of the precious metals priced in dollars.
Can't be both.