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June 24, 2010 / Hal (GT)

A few things today like the Gold, Debt, and US Collapse.


Well, today is looking interesting in regard to gold. Following the jobs numbers and the durable goods numbers and of course the housing data this week, gold has had a nice rebound so far. Right now it’s at $1,246.90.

I’m looking to see what happens this afternoon. Long term though, it sure looks like we are stair stepping our way up.

Check out Anna Coulling analysis today on the gold spot:

Gold Trading 24 June 2010

With gold now trading back above all four moving averages we should expect to see further new highs established in the short term with a $1500 per ounce target by the end of the gold trading year.

I found this interesting: Why Many Analysts See Gold Going As High As $10,000.

Aslo, I was tracking with Eric King today in his post:

The Fed, Debt and Systemic Collapse of the US

Having a discussion about the Fed, massive debt and the systemic collapse of the United States with two of the most qualified individuals in US politics today cemented in my mind that we are in a depressionary cycle, and their is virtually no way out for a variety of reasons. This is why it is so important for readers to protect themselves and their families from the next wave down.

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