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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj


Sunday 29 January 2012

Gold

I'm unsure about gold at the moment.I wasn't expecting last week's break out of the triangle.Someone told me it will correct becuase volume on GLD was weak,but volume on the futures appears to have been larger than normal.I am very bullish longer term though as I believe central banks will keep debasing their currencies and emerging economies like China will keep accumulating.If this move fails it may do so in the 50-62.5% retracement zone shown.


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