Gold rally signifies second phase of post-Lehman financial meltdown and depression


Media Release

Oct. 6, 2009

The Gold price has finally breached $1000 an ounce. It shows the state of the US economy and the signal of oncoming depression.


Gold prices hit a new record above $1,045 an ounce on Tuesday as the dollar lost ground following reports that the US currency’s critical role in global oil trading was coming under scrutiny. Gold reached a record $1,045, racing past its previous peak of $1,030.80 set last March when Bear Stearns, the US investment bank ran into trouble.


The signals are clear. The post Lehman financial meltdown has started. The depression in dollar is real this time.
Source:-
http://www.indiadaily.com/editorial/20964.asp
 
      My feeling is that the Gold price is being manipulated in view of the IMF sales of 403.3 tonnes.