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GOLD CARSHING - currently under 1300 - target sub 1000
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[quote:Anonymous Coward 31403648:MV8yMjY4OTc2XzM4NTcwMDU1X0RDQTM2QjBE] "People in Chine lining up" - lol Is that your buy signal?! As I said we are in the FEAR area of a classic bubble collapse. The chinese people lining up were the sheeple being bull trapped as the sophisticates offloaded to them. [/quote]
Original Message
Gold getting smashed together with larger market.
Prospect of taper and interest rate rises is the catalyst.
It seems that gold bugs never understood that we were in a deflationary environment not inflationary.
The battle against deflation was a battle was trying to fight with QE - and he has lost.
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