Geithner and the big boys are making a lot of money in this market, with our money, the taxpayers money. When they get ready to roll out and pull the plug on this market, a lot of investors are going to be left holding the bag.
I'm getting conflicting views on the gold thing. We know Goldman Sachs does not want gold at these levels competing with the dollar so it is wise to wonder if Goldman Sachs will pull the rug out from gold anytime soon since they do own the largest commodity trading center in the United States and maybe the world. They can order large trades to get the prices moving in their favor.
On the other hand, gold has been in an 18 month trading range base. It has just broken out which means gold has a ways to go. Last time gold was in a 16 month trading range base, gold broke out for a 50% run up. The real issue is: Will Goldman Sachs let the market do what the market wants to do or will they run in and interfere with the normal patterns of the market .... We shall see!