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!!!

Thursday, August 25, 2011

This Gold Pullback is totally Normal

This Gold Pullback is Normal says Aaron Smith, managing director at Superfund Financial  : the bond market is the biggest bubble , Gold is money it was money for the last 3000 years and this is not going to change for the next 3000 years . China and India small invstors are pouring into physical gold ."We saw a normal pullback yesterday in the gold price, nothing really different from what we saw in silver a couple of moths ago, when silver went parabolic. So this is totally normal," ,He added . Smith said he sees "lots of support for gold at $1,650, the long - term 150 - day moving average is way down at $1,500, so there's plenty of breathing room for gold to move around without having a correction or a turnaround."

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

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