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Channel: Russia Buys 0.5 Million Ounces and Bank of Korea “Needs To Buy More” Gold
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Man I love you guys in a

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Man I love you guys in a non-homerotic way.... you made me laugh so hard with your comments. Anyways, gold and silver were smacked today but I expect EuroTrash to bring it back up as the Greeks will eventually leave the Euro and EU and this will produce a huge pscyhological scare in the Italians and Spanish (maybe French as well) from the conversion currency risk and you will see huge pools of money from retirees, pensioners, fund managers etc.... move euros into us treasuries, equities, and even gold and silver in my opinion. As ugly as the first 2 sound, it is just a reality of the state of mind of many people b/c they have not crossed the blood-brain barrier and yet recognize gold and silver as money.... however there are many europeans from the old world pre 1950s that believe in gold and silver and you bet your behind they will be putting their euros into gold and silver. This is an interesting roller coaster and Bernanke will print when oil hits 60-65$ a barrel.... this was one of the many reasons he didn't go full Ctrl-F9 mode yesterday b/c he knew it would spike oil above 150$ a barrel and cause the middle class to be hurt, thereby probably ruining OBummer's reelection chances.... Anyways, I still see gold going to 2000 by year end and silver eclipsing the 50$ psychological stress test.


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