Comment: i am new to this game but...parabolic gold?

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ecorob's picture

i am new to this game but...parabolic gold?

http://www.bloomberg.com/news/2011-08-22/gold-goes-off-chart...

my personal and conventional wisdom (and from what i've learned here) tells me that the price of gold now is directly related to the money supply and, until the money supply is reduced we will not see a reduction in the meteoric rise of precious metals

we have to have a BASE somewhere, don't we? whether it is recognized as such a base by our government, or not, the people's of the world, in making free market decisions, continue to flock, to run, towards this safe haven to store their wealth

there is no other safer, more physical commodity to purchase and QE3 will take us to $2500/oz

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.