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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: koan who wrote (38869)4/25/2007 11:57:02 AM
From: AuBug   of 78417
 
You don't have to look far to find many commentators saying going long the yen is going to be the trade of the year. Maybe. But, how often is the trade of the year so obvious to so many. Canada may raise rates to stifle inflation. Why would Canada be having more inflation that the US? I bet we have more printing presses ;-) I wouldn't be surprised to see the Fed raise rates to head off inflation. My family has suffered a lot of inflation even though the feds lie to us constantly about how low inflation is. Everything we buy is going up up up. At some point the roosters will come home to roost and the economies of the world will slow down.

I think gold is going much higher but I think gold is going to go through $700 and HUI is going to rip through 400 like a blow torch through warm butter. My intuition says it's not going to just mosey on through, it's going to show some serious conviction and volume. I'm also not convinced that the correlation to the dollar is sound. The bear market in the US$ will resume but I'm not sure that it's cause and effect for gold to rise. After HUI bounces off 280ish I'll be converting my 50% cash position into junior gold and silver stocks.

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