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AGORACOM Wire - Wednesday February 15th, 2012

Breaking News ....

Lomiko (LMR: TSX-V) to Complete 43-101 Report on Previous Drilling at the Quatre Milles Graphite Property *CLIENT* Read More

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Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT* Read More | Profile

Strike Graphite goes "Beyond the Press Release"

McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

DONNER METALS INTERVIEW: David Patterson Discusses the Bracemac-McLeod Mine Development Beyond the Press Release

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Message: Dollar get ready for a fall...gold will rise further

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goldrat

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Re: Dollar get ready for a fall...gold will rise further

in response to Dollar get ready for a fall...gold will rise further by goldrat

posted on Aug 21, 08 06:54AM

Gold is $836/Oz as I write and I am quiet happy with my prediction on gold. But in all honesty I see this increase mainly from institutions. Also gold prices could drop if retail sales are not to the level expected.

Now if recession spreads worldwide then retail spending would decrease even further and institutions would increase their position in buying. The holding by retail buyers out weights institutions by two times. If marginal increase in institutions outstrips the marginal decrease in demand from retail purchasing the gold price will go up.

This is the scenario being tested and played out.

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Like Yankee Hat Minerals Ltd.? Then you might also be interested in McLaren Resources

McLaren Resources

Blue Quartz Property surrounded by numerous past and presently productive gold mines
Black Fox mine (Brigus Gold), the Hislop mine ( St Andrews Goldfields)
Recent Drill Results include 63m of 1.21 g\t gold and 2m of 13.95 g/t gold

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