Tuesday, November 25, 2014

November 30th SWISS GOLD REFERENDUM expected to take GOLD PRICES LOWER

GOLD looking very weak ahead

Looks like the Swiss like paper now compared to gold as the global banking system makes currency more and more attractive worldwide.  One problem:  Which piece of paper will win the currency war?

Gold mining stocks are very bearish and should continue to be after a survey showed Swiss voters may defeat a referendum proposal that would force huge increases in the central bank's gold reserves.  Reuters said the opinion poll showed support for the proposal has fallen to only 38%, meaning it could be likely to fall short of the majority needed for it to become law following the Nov. 30 vote. 

It's time to realize that gold and silver have absolutely no value and the price should continue even lower.  According to some prominent silver consultants such as David Morgan who recently appeared on Don Harrold's Day Trade Show the holders of silver are becoming richer by the ounces and by the units.  

...developing...