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<p>[QUOTE="doug444, post: 1512337, member: 38849"]I'll add to InfleXion's theory. When European stock markets finally tank, across the board (not just weak hands like Spain), there will be margin calls all over the place, and among other stores of value, gold will be sold to meet them. This will drive gold prices down during a BRIEF window of opportunity, maybe off 10-12% with a rapidly-declining volume, a week or two, immediately followed by the inflection point with a strong upward surge in all PMs, as holders try to flee European currencies. There will be far more buyers than sellers. Just my opinion.</p><p><br /></p><p>If you watch the markets every day, it's too soon to buy gold. I am buying junk silver on down days, seems to be plenty available in central Ohio.</p><p><br /></p><p>If you don't watch the markets every day, and can psychologically stand the jolt from a brief correction, then you can buy gold now.</p><p><br /></p><p>By strict GAAP standards, all the European countries are now technically bankrupt, including Germany - just less so.[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1512337, member: 38849"]I'll add to InfleXion's theory. When European stock markets finally tank, across the board (not just weak hands like Spain), there will be margin calls all over the place, and among other stores of value, gold will be sold to meet them. This will drive gold prices down during a BRIEF window of opportunity, maybe off 10-12% with a rapidly-declining volume, a week or two, immediately followed by the inflection point with a strong upward surge in all PMs, as holders try to flee European currencies. There will be far more buyers than sellers. Just my opinion. If you watch the markets every day, it's too soon to buy gold. I am buying junk silver on down days, seems to be plenty available in central Ohio. If you don't watch the markets every day, and can psychologically stand the jolt from a brief correction, then you can buy gold now. By strict GAAP standards, all the European countries are now technically bankrupt, including Germany - just less so.[/QUOTE]
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