High Tolerance Plasticity Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : High Tolerance Plasticity

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: The Ox who wrote (2036)	3/20/2001 3:50:25 PM
From: ItsAllCyclical	of 23153

>> Just curious as to where you would rather have your money? << Ok, you knew this was coming, but I'll say it anyway. Seeing that gold is basically at 15 year lows and historically banks have sold at the lows and hoarded at the highs it's not a bad option imho. Everyone is so negative on gold saying that if the markets can fall this much and gold doesn't move then it surely must be dead. However, gold doesn't move with respect to the markets. The most direct correlation is that it moves opposite to King Dollar. Right now the dollar is priced to prefection while gold is loathed. Being a contrarian I like that situation. Right now the dollar has benefited from a global flight to safety, but the longer the US recession runs the greater the risk that King Dollar will crack. * When people see that things are truely different with this market correction vs the corrections that occured during the previous 15 years then the perception of the US as a "safe" market will get re-evaluated - and so will gold. *

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next