"We live in a world where love itself is condemned. People call it weakness, something to grow out of. Some are saying: 'Let each one become as strong as he can, and let the weak perish.' They say that the Christian religion with its preaching about love is a thing of the past. The neo-paganism [of the Nazis] may well cast off love but, in spite of everything, history teaches us that we shall be the victors over this. We shall not forsake love." Titus Brandsma, executed at Dachau, 26 July 1942
26 April 2012
Gold Daily and Silver Weekly Charts - Gold to $10,000 oz. - Walkin' On the Sun
In general I do not like to post flat out projections for anything at much higher than the current market price, but directionally I think we might be facing a market dislocation in the metals to the upside for some fairly well identified fundamental and technical reasons.
I do not think that a domestic US gold standard is inevitable at all. I think it is still rather unlikely.
But I do believe that gold and possibly silver will have an important role to play in international trade.
But first things first. Gold must break up and take out the small and then the larger symmetrical triangles and retest the previous high.
There was some thinly disguised nonsense about gold on financial television today that is often a good sign of an impending rise in price.