Friday, February 20, 2009

GOLD at $1000

Well 2008 was a ''conviction testing'' year; but $1000 is here at last.

Gold prices look overbought at the moment, but there's a lot of momentum in Gold, as the DJIA tests new lows. The currency situation in Eastern Europe is a mess and equity markets worldwide are retesting Oct/Nov 2008 lows!

Also, here are some interesting links from
Jesse's Café Américain Blog
China Invests in Production and Commodities While the US Feeds the Sharks
China Is Shopping the World for Miners and Commodities

The Chinese are planning ahead!

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