SOTB,
I share those thoughts on Bo. A true legend of the game.
It was a very good game with lots of momentum swings, but Ohio was the better team. A rematch would be great, but even as a Michigan fan I would have to take OSU. I was wrong, as Saturday was a good day to be a buckeye.
As a gold bull (not a mythical creature BTW), I am in full agreement with you that the players have not played their last anti-gold cards. Gold is the central bankers kryptonite, but where we disagree is that I do not believe they are supermen. I expect Blackhawk Ben and Hank the Snake to make one more mighty dollar push before they cut in 07. They have to cut, for while the impact of housing is publicly being ignored, I'm certain there is deep and debilitating fear at the Fed. All this talk about fighting inflation is just the usual ruse, and will be old news by the time recession is clear to the public (and to the ostriches running the general indexes to all-time and multi-year highs).
Technically speaking, when Ben cuts in the first half of 07, gold will go koo-koo for cocco puffs. I will be long the miners well before then, irrespective of what level the HUI is at.
Although the USA is no longer the center of the economic universe, there is great concern with all central bankers about the massive imbalance that will result if Joe Consumer stops doing what he is programmed to do. For me the question is not one of competitive devaluation, but rather coordinated or cooperative devaluation. I fail to see how gold will fail to perform over the next few years. Democrat or Republican is irrelevant. They both spend like my sister and nothing short of cutting the cards is going to stop them.
GT
TH |
