Top Leaderboard 728x90 Advertisement Space

Advertising on Insights is good for you.

Monday, March 18, 2013

Gold Is Ready

This will hurt more than than the global stock market rally.

As Jim suggests in his commentary "One Of The Most Important Events In History & Gold"

“What’s just happened is the IMF has backed up, lauded, supported, and publicized, as if it were a victory, the taking of 10% of what really turns out to be 80% of Russian ‘black money.’ Russian ‘black money’ is KGB money, now in business. The leader of Russia (Putin) was a former KGB official. Who’s money do you think they have taken? This is the biggest mistake the IMF could possibly have ever made.”

Could this be the trigger event that finally releases the potential energy stored deep within in the paper gold market?  Clearly Jim thinks so.  I would also suggest that gold has and would always be primed for the unexpected well ahead of any headline 'trigger' event that alters consensus expectations.

Gold is ready, so at least try and act surprised when a technical trigger is generated (chart).

Chart:  US Federal Budget (Surplus or Deficit As A % of GDP, 12 Month Moving Average) and Gold London P.M. Fixed:

Headline: Cyprus Bailout Threatens Market Rally

The decision by the euro zone to force bank depositors in Cyprus to contribute towards a bailout, a first in the euro zone debt crisis, could hurt other peripheral nations, the euro and the global stock market rally, analysts warned.

The decision shocked many, including Sharon Bowles, chair of the European parliament's economic and monetary affairs committee, who called it a "disaster" for European Union rules and the single market.



The open forum model requires traffic to succeed. Traffic will be driven by creative and thought-provoking content designed to shed a unique perspective on the complex world investing. Effort, while easy, needs reciprocation. As soon as ad revenues, either passive or active, and/or donations stop for more than a week, effort will shift from an open forum to the privately-driven, subscription based model. Paypal, a leading provider of secure online money transfers, will handle donations. Thank you for your contribution.

No comments:

Post a Comment

The comment section is intended to extend and expand discussions beyond the scope of the original posts in order to promote the exchange of ideas and thoughts. All posts must be respectful or membership will be immediately revoked. Please consult our disclaimer section before joining and posting comments. Thank you for your contribution.

Note: Only a member of this blog may post a comment.