Gold broke the barrier yesterday as it hit and retreated from $1300. Today however, was a different story.
Closing at $1310, gold continues it’s rise to heights never seen before. Some are calling $1,350 before years end.
Where are the proprietary traders and what are they seeing…..
Any successful investor knows that media is the “calling of the masses”, meaning they need a high amount of purchases so they can take profits at a high, and short it after the sell. But, that can’t happen, right?
So what is one to do?
“Wait for the pull back!”
America is facing a situation that it has never been in before, but inevitable with the size of it’s consumer appetite. A ten year old child knows the value of a limited print baseball card or comic book. The U.S. currency has serial numbers, which, in a way, makes them limited prints.
A limited print has no value if there is no limit on the amount that can be printed.
As stated before, it’s not that the value of gold is going up, rather the value of currencies worldwide are going down. Too much paper is being printed.
Gold at such high prices demands drastic changes in the worlds currency. What some call a “relic” will never disappear as the true measurement of currency value for all nations, small and great.