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The BEAR is dead long live the BULL??
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Originally Posted by
Daytr
Yep took a 20% profit on KCN this morning from where I bought on the close last night. I've held EVN.
Yes very good ..I see the top movers on the ASX200 all gold producers ....
As for the short term I really thin T/A wise Gold will trend higher from here to till 1410-1420oz USD resistance area ...just checkout the 6 month chart 1350 has been a very pivotal point of late...
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upcoming bullish news for GOLD
http://www.reuters.com/article/2013/...98G0KD20130917
Lew repeated a warning he made last month that Treasury would run out of borrowing options around mid-October, when he said that Treasury would be left with only around $50 billion in cash on hand. Default could come soon after that.
Really shows how screwed up the media is ...I watch hours of CNBC per day for the last couple months all I kept hearing was the "TAPER"!!! ...the taper is coming!!! the US is looking great bah bah ...so far nothing on the Debt ceiling NOTHING round a month to go ...and the ten of thousands of US Gov workers won't be getting paid .FBI,CIA, etc.. Every Thursday, the Treasury pays investors back about $100 billion that investors immediately lend back to the government, a process known as rolling over the debt.
"If U.S. bond holders decided that they wanted to be repaid rather than continuing to roll over their investments, we could unexpectedly dissipate the entire US cash balance,"?? panic stations