Clip from the documentary Fiat Empire explaining inflation, monetization of debt and why gold and silver will protect your assets from inflation.
Gold is going to be very volatile on it's way up. You will see wild swings up and down as it heads to $2500. Day traders are playing with fire and get what they deserve. Buy and hold. I started buying at $380, more at $500, more at $700 and last purchase at $850. Those who have bought at $1400 are going to be just fine as it's got a long way to go. I am hoping for a pullback to below $1300 so I can buy more. It may never happen : - (here's the thing they are devaluating everybodies currencies to create a level platform for the value of Gold so they can introduce SDR's , what we have to do is force congress to discontinue the federal reserve note and let congress create money
in the beginning it can work like the Goodwill script of 1775 then slowly shift into real hard money
Tuesday, December 28, 2010
Gold more pressure to the upside in the coming weeks
NEW YORK (TheStreet) -- Scott Redler, chief strategic officer at T3Live.com, reveals what has to happen to gold prices to believe in Tuesday's double digit rally.
Scott Redler,:"....and we've now been in about two and a half month consolidation. Or after we put the height above 14100 we've been holding higher. What I wanna see some -- and above 14100 I don't wanna see get back book thirteen eighty and I do think at some point in the first quarter. We will see new highs will be our way into the 2011 projections which about sixteen to 18100. He -- you don't wait and see because this break up if they got because just short. It could be a little bit of -- so I think it's somewhat for real I was expecting -- move more towards second quarter I think right now if you were long. Verses thirteen point thirteen 31 take a little profits on this popped -- 14100 that's fine but don't get flat stay long gold so that's an indication it welcome -- for the rest -- what you wanna do is right now we have a program. -- up double digits it's up. Is -- huge gap from when we closed yesterday to today if the bears can't fill that gap ....
Scott Redler,:"....and we've now been in about two and a half month consolidation. Or after we put the height above 14100 we've been holding higher. What I wanna see some -- and above 14100 I don't wanna see get back book thirteen eighty and I do think at some point in the first quarter. We will see new highs will be our way into the 2011 projections which about sixteen to 18100. He -- you don't wait and see because this break up if they got because just short. It could be a little bit of -- so I think it's somewhat for real I was expecting -- move more towards second quarter I think right now if you were long. Verses thirteen point thirteen 31 take a little profits on this popped -- 14100 that's fine but don't get flat stay long gold so that's an indication it welcome -- for the rest -- what you wanna do is right now we have a program. -- up double digits it's up. Is -- huge gap from when we closed yesterday to today if the bears can't fill that gap ....
One Metal to Watch in 2011 : Copper,
When it comes to metals, Sean Brodrick likes gold silver. But there's one metal that, more than most, gives him a reading on what's happening with the global economy. That metal also happens to be a great investment.
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