Gold completed its 10th consecutive annual gain, the longest winning streak in at least nine decades, on the brink of a bear market. George Soros, the billionaire who two years ago called it the "ultimate asset bubble," cut 99 percent of his holdings in the first quarter. Billionaire Investor Warren Buffet also feels like a Bear Market in Gold is outdated. Forget the PUMPS seen all over the internet. Remember they bought in cheap and want to Pump it up so when you get in, they can pull out at the peak of the fall. Gold Needs to make a correction at around $700, Silver at around $16 an ounce. Currently both trading double and 1/2 of that. This is my opinion only and based on years of trading and personal research. Do your own. Never invest money you cannot afford to lose.
Friday, February 24, 2012
Video: Gold Bubble Burst and Implode - Parabolic Plunge Coming Soon?
Are gold prices about to take a huge tumble? From the YouTube description:
Breaking US Dollar Collapse News
What's Behind the Decline of the US Dollar?
This is one the of the best and simplest explanations we have seen:
The U.S. dollar's downward slide is accelerating as low interest rates, inflation concerns and the massive federal budget deficit undermine the currency. - Wall Street Journal, April 23, 2011Interestingly, the Federal Reserve is responsible for, or an active participant in all three of these factors.