I Believe Europe has a long way to fall, Greece will end up defaulting along with several others. China is slowing.. I know from 1st hand experience that some of their factories are clammering for work, and where pricing was not negotiable earlier .... now is !!!! New Million popualtion cities empty with not a sole living there.
The GFC acheived nothing in the scheme of things as the debt and derivatives are still in the system, printing endless money supply is not working. The world governments are trying to manipulate a softer landing .....it is not working.
We will see higher unemployment in Aust. as is already starting to be evidenced. China is starting to buy gold big time now and this will start happening at ever increasing pace. Once what is happening in China starts to show in the supply chain .... Australia is in for a big shock ..... Gold and Energy stocks are the only place to be, however when sh.. hits the fan cash will be king until the dust settles could go on for hours here but where do you stop its not just 1 thing. Its a combination of many many things
Plus American $ needs to devalue alot further this alone will keep driving gold up but it alone is not the reason for the exponential climb to follow
Just my take :)
ORS Price at posting:
17.0¢ Sentiment: LT Buy Disclosure: Held
