Gold has broken 1400 again which IMO is a fear trade going on
with mass protests in the Middle East and North Africa. Gadafi says
he will "fight to the last man" in Libya........fighting words.
My take on this whole thing is that food price inflation brought
about by the now rampant money printing is causing social unrest on
a grand scale.
Im not sure if anyone will get this under control anytime
soon.
Social Unrest
Posted by maxeaus on 21st of Feb 2011 at 06:59 am
Gold has broken 1400 again which IMO is a fear trade going on with mass protests in the Middle East and North Africa. Gadafi says he will "fight to the last man" in Libya........fighting words.
My take on this whole thing is that food price inflation brought about by the now rampant money printing is causing social unrest on a grand scale.
Im not sure if anyone will get this under control anytime soon.
Some resistance at $1400...
Posted by saturn6 on 21st of Feb 2011 at 07:20 am
There are some Pivot Points converging at $1400. ie MonthlyR1 - WklyR1 and DailyR3. Also smack down Tuesday tomorrow.
Of course you know who and why are responsible for the disruptions in the Middle East yeah?