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<p>[QUOTE=&quot;fatima, post: 879324, member: 22143&quot;]I don&#039;t think this weekend&#039;s NY bomb event will have any effect on much of anything except maybe it&#039;s something else the mass media will harp about for days without saying really anything.&nbsp;&nbsp; There are to far far more important events relative to the price of gold, IMO, and they bear watching:</p><p><br /></p><ol> <li>The Euro.&nbsp; The ECB broke it&#039;s own rules this weekend in regards to bailing out Greece.&nbsp; In reality, it was a bailout of the French and German banks that loaned them all the money in the first place.&nbsp; Long term, and even short term, it&#039;s simply not good for assets denominated in the Euro.</li> <li>The Oil Spill.&nbsp;&nbsp; Obama has said that BP has to pay to clean up the entire mess.&nbsp; If he holds them to this, it will either bankrupt BP and/or the insurance companies, i.e. the finance industry again, which will cover their losses.&nbsp; These amounts could eventually reach the stratosphere in terms of claims.&nbsp; I suspect the amounts of oil pouring out of those holes more than a mile down are far higher than they are admitting to.</li> </ol><p>It&#039;s the same issues that always push things off the cliff.&nbsp; Oil issues and central bank gaming the system for the bankers.&nbsp; I personally think the issue with the Oil spill is going to be huge and damaging before it is all said and done.[/QUOTE]</p><p><br /></p>

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