I am Duncan Phebus Sumo Mercutius Steerpike Campbell King, Litigator extraordinaire and I do not want you to like me.
Tuesday, 8 September 2009
Gold above $1000
The BBC Reports, here, that gold has crept over the $1000 mark for the 1st time in 6 months.
There is going to be more economic bad news on the way once this 'recovery' turns out not to mean 'hurrah it's 2007 again'. But there has also been a flurry of high profile mergers on the cards this week which suggests that companies are getting their ducks in a row and getting ready for some cost cutting as we come out of recession. (either that or they reckon the horrifying consumer hammering HBOS Llyods merger last year has set a precedent for oligopolies to be merrily waved through)
I don't believe there is going to be a significant market crash so my guess is gold is being manipulated and set up for a fall.
I eat too much, I swear too much, I hit too many children with a stout stick and I poke too many old ladies out of the way as they shuffle forth to their respective doom. Arguably (though not by me) I drown too many women too.