Does the current gold market present an opportunity?
"Downward Economic Spiral Gains Momentum Faster Than Expected
Whatever is required to prevent any financial entity from failing that would add to the domino effect of the proper valuation of OTC credit or credit default derivatives will be provided.
Interest rates will fall if required to practically zero in order to maintain the social order. This maintaining of the social order is the basic premise upon which spin through plausible denial or wrongdoing in fabrication is based.
We wish the best to the Federal Reserve and Bernanke as the alternative is too ugly to imagine.
I caution you to acknowledge there are CONSEQUENCES. The CONSEQUENCES are unavoidable as the world embarks on a strategy of attempting to inflate the damage done by OTC derivatives away.
All of this will pay out in front of your eyes in the US dollar and therefore in gold and any other commodity in short supply.
The argument now taking place between the experts on what will happen is a waste of time as the US dollar will communicate the answer.
Right now the Gold Cherubs to pay attention to are:
These levels will work in the same manner as Fibonacci support and resistance.
The present action in gold is excellent in building a base for a run into the middle $1000s."