Hey Gildage - good trading.
Re: this statement..
"Now that there is "blood in the street", and extreme recrimination on the BB...I have now re-purchased almost all my ounces/shares and have enough left over to buy a diamond bracelet for my wife for x-mas. The share prices will recover in a week or more...nothing lost...and the PM bull will procede from here, as the world economy goes to hell.
Gold will go to $10,000 and silver to $500+"
I'm more afraid now of a significant deflationary event a la "Lehman 2.0". If the Greeks have to vote on their austerity package then of course it won't pass. World markets in turmoil, 2-3K off the Dow then maybe there will be a QE3 which might help float things awhile.
The more I see this continue the more I think a global rerating massively higher of gold might be in order.
Where else will they get all the money? Europe clearly isn't willing to print to infinity. Why should America?
