All the Gold ever extracted is 160,000 tons (in 2009) , The American Debt = 14 Trillion Dollars = 1.8 All the Gold ever extracted in Human History !!! The monetary mass in the US is increasing by 15% a year ! Total gold divided by people in the world gives each of us 23 grams
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Friday, September 16, 2011

David Morgan : we may see some softness in Gold before we see strength

David Morgan : we broke out of a traditional triangle pattern , I get emails saying that technical analysis does not work , first of all technical analysis dopes work some of the time , it is a tool but it is helpful , and we broke through the bottom side of this symmetrical triangle which normally is bearish for gold and as I said few weeks ago there is gap at the 1670 level I am not rolling that out longer term , I still believe that we are still going to see a a bit of a tough sliding for gold

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