ZLATO – blíži sa koniec býčieho trhu?

Being in gold it is hard to see the forest through the trees. All you feel is a headache as the gold price takes on the volatility of a shooting star.

Sit back and look at the media blitz operation in the gold and energy market followed by a major flop in the equity markets. It appears that the old manipulation of perception has fallen flat on its ass for the first time in 27 years. The big name investment banks today ran to the Fed for money, exposing the lamest of excuses to show that it is not a stigma to scream to mommy the moment you are in trouble.

Gold is a small market and energy is even more so. The equity markets are huge and the dollar market is a giant. Energy and gold were down, the dollar was up against the euro but down against most other currencies in a mixed market, yet the stock market bombed out completely.

Zdroj: CommodityOnline.com

28.03.2008

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value."   Alan Greenspan