Gold is up again and looking like it will go thru the 1300 high...

Gold is up again and looking like it will go thru the 1300 high we have already seen this year.

The fed and her friends at Goldman have been trying to stop the rise of gold all year and the Americans are freaking out that their petro dollar is going to be swapped out for the world wide currency of gold. If/when this does eventuate, who can they invade then to try and stop it happening.

I am going to call a market crash worse than we saw in 2008. The big banks are now more leveraged on derivatives than they were back then some of them up to 50 trillion dollars. If/when this does falls down their whole too big to fail will fail and we are going to see a major global economic reset. Gold will be one of the only winners in this scenario.

We are seeing the beginnings of this reality starting to play out now as major funds and investors are moving larger portions of their portfolios over to gold.

MGV and all of the the Australian producers are in a fantastic position to take advantage of the rising gold prices. We could be seeing the start of the next mining boom.

The question from me is - how high can this little baby go? It is still great buying at these bargain basement prices