Happy days are here again!
Wow! DROOY at 1.30. That is a buy in my book, so I put in the order and made the purchase.
Yes, gold is off to $577, and it could go lower. Will it? I don't know, but I do know that it will go upward long term and I like it at this price.
There is news on another merger. IAMGold and another, but I forgot the other's name. More will come as the gold industry consolidates; that is, the larger ones want to get larger and the smaller ones enjoy the opportunity for better financing.
The dollar is due to continue its decline. All are hoping for a slow decent, but at some point in time it could be a fall. Interest rates have been raised in some Asian and European countries which will put more downward pressure on the dollar. To preserve wealth in this environment, the precious metals are the safer way to go. In event of a recession or depression, dollars will be important until the Fed opens the spigots and lets the dollars flow as water. Then the precious metals and mining stocks will move upward. It will happen! When is the big question.
Best to each, Doug
Yes, gold is off to $577, and it could go lower. Will it? I don't know, but I do know that it will go upward long term and I like it at this price.
There is news on another merger. IAMGold and another, but I forgot the other's name. More will come as the gold industry consolidates; that is, the larger ones want to get larger and the smaller ones enjoy the opportunity for better financing.
The dollar is due to continue its decline. All are hoping for a slow decent, but at some point in time it could be a fall. Interest rates have been raised in some Asian and European countries which will put more downward pressure on the dollar. To preserve wealth in this environment, the precious metals are the safer way to go. In event of a recession or depression, dollars will be important until the Fed opens the spigots and lets the dollars flow as water. Then the precious metals and mining stocks will move upward. It will happen! When is the big question.
Best to each, Doug
posted by Doug @ 9:45 AM
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