Despite gold soaring in recent weeks, the majority of speculators’ likely gold-futures buying is still yet to come. And the subsequent far-larger investment buying has barely started.
The Fed is cornered here. How far do you push things? How will the Fed respond to banks breaking? The safe-haven plays (Gold) lost some of its interest here. Gold can go any crazy way..
People are trying to get their money out of the banks, out of the financial system. Precious metals are really the only thing that is going up right now... only one place to run to:
