GOLD RISES ON POTENTIAL REMOVAL OF UNCERTAINTY $GLD $SLV $SPY $USO $DIA
On the weekend President Obama made optimistic remarks in Bangkok about resolving the fiscal cliffs.
If Obama is right, it will remove a major uncertainty from the world markets.
The momo crowd has seized on the potential removal of uncertainty and has been aggressively buying gold since Obama’s remarks.
Traditionally gold and silver have been a hedge against uncertainty. If gold was following its traditional pattern established over hundreds of years, it would have gone down on potential removal of uncertainty. However, lately gold and silver have been under the control of the momo crowd which behaves contrary to the traditional role of gold.… Please click here or the title below to read more.
November 19, 2012