Comments on: Gold Panic Redux http://wallstreetpit.com/12083-gold-panic-redux Tue, 22 May 2012 19:21:52 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Hal (GT) http://wallstreetpit.com/12083-gold-panic-redux#comment-80140 Hal (GT) Fri, 13 Nov 2009 20:04:26 +0000 http://wallstreetpit.com/?p=12083#comment-80140 That's a pretty interesting take on on the Barrick influence and Peak Oil. Gives me some food for thought. Though, it was already over 1k when that came out. I watched it with the widget, http://www.learcapital.com/exactprice , and it did bounce high but it came back down pretty quickly too. Though now I see it's back up to $1116.30 an ounce. I do think Barrick is playing at something, and quite possibly they are right, but the government fiscal policy and the state of other currencies and their nations are impacting the price of gold because investor safe haven demand is up. That’s a pretty interesting take on on the Barrick influence and Peak Oil. Gives me some food for thought.

Though, it was already over 1k when that came out. I watched it with the widget, http://www.learcapital.com/exactprice , and it did bounce high but it came back down pretty quickly too. Though now I see it’s back up to $1116.30 an ounce.

I do think Barrick is playing at something, and quite possibly they are right, but the government fiscal policy and the state of other currencies and their nations are impacting the price of gold because investor safe haven demand is up.

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