muses of the moment

May 12, 2010

Gold on the rise again

Gold hit new highs in overnight trading ($1250). When gold rises, it is a sign that confidence is being lost in fiat currencies. It is the ultimate currency.

When global governments refuse to act responsibly toward their currency, the people will create their own currency. Click here for more info on European run on gold coins.

Click here. Continued extreme stress on the liquidity markets….worldwide.

Gold high today in NYC trading…$1249. Here is a chart from Jim Sinclair’s site with some new support/resistance numbers.

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