More Gold Fever (sw)

Gold touched $1200.25 an ounce this morning (Dec 1st).

We are expecting it to make $1300 as the next plateau.

BUT…if Wall Street takes a hit and goes down suddenly gold will fall as traders unravel gold positions to pay for losses elsewhere. So you have to have a strong constitution and not be a nervous nelly when it drops, it will come back and it will make $1800 an ounce and beyond.

Jim Sinclair at www.jsmineset.com has a good grip of the gold markets and he has substantial gold holdings of his own so he is in touch with the pulse of things. (sw)

Here is an article on things in Britain, which is more on the verge of bankruptcy than anyone realizes.

http://www.dailymail.co.uk/news/article-1231563/Is-Britain-brink-financial-armageddon.html