Gold and Silver • Re: The Gold Break Down

Deo Vindice wrote:
And those preachers and churches that are guilty of leading believers and non-believers astray, there will be a day of reckoning.

The difference there is that there is a sure and certain spiritual ‘guide’ in the Bible.

Wise men check everything they hear against the Word of God. "What saith the Scripture" ought to be the response to every piece of spiritual counsel.

The problem in the financial realm is there exists no such ‘final authority’ to check these wildly divergent forecasts against. (I admit that the Bible does have much to say about the principles of money – earning, saving, spending, investing, loaning, etc. But not about things like whether gold/silver will go up or down or sideways in the next month, year or decade.

My point is that the ‘experts’ are hardly in agreement. One needs to have a higher authority to direct them than those whose only expertise is in the number of words they write on the topic.

Remember this?

Re: Gold Going Higher While Silver Stalls
by yoda » Wed Jul 13, 2011 3:01 am

Deo Vindice wrote:
And yet today, they both rose with silver slightly outperforming it.
I really believe it is simply a matter of which metal the banks wish to suppress or let go for the day.

Yoda reply
Important for gold to keep climbing here and blow through a double top
Otherwise it then becomes bearish
Silver had the double top several months ago and did not blow through it, so it became vulnerable short term
If gold continues climbing here
Look next at palladium to get into

Statistics: Posted by yoda — Thu Dec 15, 2011 10:38 pm