Thinking of buying some gold myself. The stock market is rallying but I am not sure that is going to last.
Gold is down $5.10 and Silver is still holding above $10.
I’m a little skittish about gold.
I was reading that retailers of gold coins are very short of stock at this point in time and the US mint has halted the sales of gold bullion coins.
The buyers of gold coins are at the bottom of this market and very anxious to buy, yet the price of gold has been pretty flat over the past 6 months or so.
I just don’t see much short term upside to the market.
Just out of curiosity - why would anyone respect anything Citigroup says...they can’t even run their own company correctly and purchased the worst of the worst financial instruments on a grand scale...
Gold continues to be kept low due to hedge fund redemptions (they have sold massive gold positions to pay panicked customers their cash)., and will head sharply higher over the next 18-24 months. But Friday’s spike had nothing to do with the what the author mentioned. All commodities spiked on the Saudi production cut rumor.
there’s no recession in the stores that i was in today.
it’s buy and buy and buy.
That's all the mined gold, no doubt. And I wonder why they capitalize "Gold" and "World"?
I have been hearing goldbugs rant about $2,000 an ounce gold for over 25 years. Haven’t seen it yet and not going to hold my breath.
Everything Citi touches turns to excrement - Gold today down 5%.