Skip to comments.Markets react to Obama speech: Gold spikes $23 at open
Posted on 09/07/2012 5:54:41 AM PDT by vikingd00d
obviously gold will continue to go up
for it to go down... SOMETHING would have to happen to strengthen the dollar
can you remember the last thing this admin did to strengthen the dollar?
Gold went up following NFP report. Not Obungles’ speech..
Gold up $25.00 per oz, is not a good sign for Obama.
If “O” is reelected prices for everything will skyrocket.
Obama's policies are working.
The death knell of western culture is being sounded by the economic gurus in Europe and he United States. Three generations of deficit spending, uncontrolled borrowing, unfunded entitlements and governmental restraints on productive capitalism has led to economic catastrophe. These gurus especially Bernacke have served their political masters with financial gimmickry which does not address the core problems, but instead are designed to maintain the unsustainable consumption patterns and the faux lifestyles. More capital is squandered. The fall will be even greater. Gold is the final refuge. Asian central banks are wisely buying gold and lessening their exposure to dollars and euros. Historians will rank Bernacke as perhaps the worst public official ever appointed to high office.
He was for Simpson-Bowles before he was against it, before he was for it. The right doesn’t buy it, most of the center does not buy it, and the left is roiling P.O.-ed at him for embracing “austerity”. He’s up the creek without a paddle and the markets know it.
Obama... what a guy!!