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!!!

Wednesday, August 31, 2011

Gold is till in an overall bull trend

While gold is off its all time high, prices are up more than 25 percent this year. Insight on where will head to next, with Mihir Dange, Arbitrage gold options is off the all-time high prices are up more than 25% this year and yesterday popped $35 an ounce after a Chicago fed president Charles Evans told Steve linesman that we were basically in a recession at least when you look at the job market. "we're still in an overall bull trend. there's one piece of mfgs that still has me a little bearish and that's we have a trend gab at 1668.70. we would see that number and on the lows we were going to hit that number last week. it's all over the place right now. the volatility is still very high and we're getting $60 moves." says Mihir Dange

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