Posted on 01/10/2010 8:39:29 PM PST by blam
Gold Blasts Higher After China Gives New Green Light On Stimulus Spending
Joe Weisenthal
Jan. 10, 2010, 8:13 PM
The global money pump will continue flowing!
China has given one of its surest signals to date that it plans on keeping its pro-stimulus policies alive. More specifically, it plans to spend the full amount of its planned stimulus this year.
We'll point out again that all the major powers -- the US, Europe, China, and Japan -- are in some way taking actions to weaken their currencies. It makes it hard not to like gold, and alas...
Gold is blasting higher:
(Excerpt) Read more at businessinsider.com ...
Buy American!
what up with silver, yo? Same big jump?
I kinda miss the old relics around here saying that the runaway printing will not create a rise in precious metals.
Silver is blasting too. $18.73, up two-bits the past 12 hours.
nah... America already got 50% of what I made... and the dems are pushing for 65% this year.
I’m going to buy whatever helps protect me and mine.... and that would be gold & ammo (guns & bible already secured).
http://www.cnbc.com/id/34772171/
The money quote: "...and while it might seem ridiculous to buy the stuff because other people are buying it, it's also been a really great strategy so far...buying high if you think it's going higher can still be a workable strategy...everybody and their mother has been buying it. As long as they keep buying it, it keeps going higher. it's as simple as that."
I do believe think I'll be selling a little silver to some CNBC watchers today or tomorrow.
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