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<p>[QUOTE=&quot;Owle, post: 1324883, member: 22004&quot;]An expert on this sent me this email a couple of days ago:</p><p><br /></p><p><font size="4">Gold is the last of the Euro Banks true reserve.&nbsp; As it declines their capital disappears.&nbsp; The results can be insolvency, bankruptcy (or default). A truly UGLY situation can result.</font></p><p><font size="4">I expect gold to trade down perhaps to $1590s, if it breaks that level...then gold might go to $1500 of perhaps lower. Usually, nothing goes straight down or up.</font></p><p><font size="4">If gold tops $1716 and stay above this, then an upside breakout sooner than later.</font></p><p><br /></p><p><br /></p><p>Inflationary or even hyper-inflationary depression?&nbsp; <a href="http://thedailybell.com/3339/BIS-Calls-for-Hyperinflationary-Depression" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://thedailybell.com/3339/BIS-Calls-for-Hyperinflationary-Depression" rel="nofollow">http://thedailybell.com/3339/BIS-Calls-for-Hyperinflationary-Depression</a></p><p><br /></p><p>Zero Hedge has some of the best analysis out there too.[/QUOTE]</p><p><br /></p>

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