It is here...

Originally Posted by easyrecycle

Yeas gold is dropping like a rock but at this time of year gold drops real bad but comes back up at the start of the year. Now I would state that gold dropped a bit more and a bit faster than I had thought. But gold stay in the upper 1700s longer than I thought it would.

But look on kitco. com at the 5, 10 year. Gold will drop at this time but will pick right back up.

I am with you on that. It is a too hard and too fast drop to not go up at least half way in a day or two time. Crossing fingers and knocking on wood. However, a sustained drop in gold would lead to the presence of an actual recovery. So there are mixed emotions on this. I will take the current stance that there is just some profit taking right now and we shall see a fairly quick rebound of at least half the loss as soon as the drop stops.

On the other hand, if the economy rebounds and all of the factories open up and all of the people go back to work, there will be a larger demand for all goods as well as metals including precious ones. This would also lead to a higher demand in oil which sucks and will keep the economy down as the demand for oil increases with the increased economy. It is almost a catch 22 with no way out. I wish that if the current adminstration were going to spend money just to spend and spur the economy, that it would all be toward alternative energy. I am thinking at this point that an energy revolution may be the only way out of this world wide mess we are in right now. That or somehow fixing the price of a barrel of oil at say....$80 for 5 years or something along those lines.

If the fed would support a full blown factory that could pump out solar cells or research on better(lighter, cheaper) batteries, or a windmill factory, I think it would be a very short time before we saw a turn around. Because if we get one now (a turn around), the demand for oil WILL go up and therefore keep the economy right back down.

take the fuel out of the hands of the part of the world that is always at war and put it in the hands of the people via affordable solar cells, windmills, hydrogen cells and the list goes on. Putting that power in the hands of the people would turn the world right back around so fast it would make your head spin.

This is all just in my humble opinion of course.

Heh, I just created a new meaning to the term ""power" to the people". I may have to take that and run with it.