Looming Market Risks

[cottonpicken]

Thats a pretty contradict line of logic.

Manipulating bond markets and keeping rates is
the very reason gold is going up-for the past ten
years.

Paper has been dieing for ten years.

Central banks and countries like china india russia
sout east asia etc etc are increasing their
reserves,why?because the money is worth what it
is printed on.

The time energy and resources it takes to
produce an ounce of gold would astound you.

And as long as the vast magority of people on the
planet accept it as a form of payment,it is money.

You really should educate yourselfs on its history.

And the thought of a bunch of people selling all
their gold to kill the price in todays climate is
unbelievable.

And in the history of the world only the last 42
years was it not backing any currency.

[errolanderson]

The roar in equity markets may not have
a lot more roar in it. The U.S.
government continues to imply a
remarkable job market turnaround, but
there are huge structural unemployment
problems ahead. Also, U.S. housing
turnaround is unlikely for many years
ahead.

The question I have is; when will this
market apple cart fall over. Fitch has
downgraded Greece to a "c" rating
meaning high default risk regardless of
EU aid. Greece is finished . . . then
the domino affect will begin.

When it does, metals may be under
significant selling pressure in my
opinion. Believe we will find out fairly
soon.

Errol