GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Thursday, December 2, 2010

Should You Buy $1,400 Gold ?

NEW YORK (TheStreet) -- Will Rhind, head of U.S. operations for ETF Securities, says why gold's breakout is not a fake out and reveals if an investor should buy at these high...



Will Rhind,.....What is this time we know -- seen the correction in gold and a few weeks ago. The markets stabilize from that we sought to build a little bit of -- And this on the 14100 fake there's a bit more. Political concern now that. That more economic concerns specifically in Europe and therefore go prices -- supportive of this level. How much of it is -- on debt fears and how much administrative technical trading headed into the year. What think that right now from my perspective program from our primarily driven by Euro zone debt crisis -- the moment. I'm a little bit of heightening tension in the Korean Peninsula as a political risks coming and that's -- the end of the year. But also we've seen some pretty good job numbers out today in the US. The economy looks to be getting a little better and therefore gold is moving up as a result of this of risk asset trade all of stronger dollar however we do continue to -- pressure on your vehicle prices....

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