Gold & Silver's Dead Cat Bounce

asad hein what u talk about four billion

try this

www.youtube.com/watch?v=MConNIW_XgM -

Dinna,

"...a population of over 10 billion..." (!!!!!)

The last time I checked (recently!), the population was a shade above 6 bn - where'd the rest 4 bn come from?


Asad

dinna, didnt understand your last line. gold has to weaken as central banks start to withdraw liqudity and USD rallies. Still a corrective pullback in overall gold rally.

Ashraf

There is a school of thought that due to large eartquakes in the world ie the one in indonasia in Dec 2004, chile this year can make mining gold very difficult while they expect more oil to be found

Hi Ashraf

what we meant was due to earth quakes and change in earths crust and technotics plates the gold deposits will fall deeper into the earth (ground) and cost of mining or finding new gold will be hard over the years to come while records indicate around 165,000 tons of gold have been mined we have 195 countries and a population of over 10 billion while china and india (combine population of 2.5 billion ) are top two consumers in the world hence their will be demand in the next 5 years while supply side constraints can weigh on overall prices of gold even though we may expect corrections towards 900 usd an ounce

@ashraf..srry about posting under wrong cata ..not sure how i did that..yes on gold charts...thanks

Sydney

Yes, I can see the resistance around there, thanks