<<Excuse me. But with your limit TA abilities, and this threads oxymoronic attitude towards understanding. Why would any gold neophyte believe that CDN currency is linked to their gold holdings? >>
That was said a bit tongue in cheek, but if one believes in fundamentals rather than T/A they could well believe that gold backing of currency produces a stronger money.
Please explain, how can T/A be used to analyze a balance sheet, this one I don't get at all.
Yes, I agree, the future of US debt would be VERY poor, were the rest of the world not so screwed up also. This is why I believe gold will go up & why I believe gold is undervalued, because the value of the US debt is tied(in part) to an overvalued stock market bubble. When the bubble pops, the US $ will go down.
This is the probelm the Fed. has gotten themselves into, the market is holding up the $, the high $ is holding up the economy, & any action done to slow or prick the speculative the bubble will act in inverse to prior times, and drop the value of the $. There is far more under the sun than T/A. Yes, it can get one in & out of the right things, and maybe even at a good enough time save teh skin. T/A can't show over valuation of an entire market or sector.
There are no reasons other than margin, speculation, T/A, hype, & loose money which can explain the valuations of many of the internet companies, a few of the other techs, & maybe some drugs. When it ends, it will end badly,very very badly.
OH yeah, (even though I don't give reccommendations) my guess of what would be best would be:
hold a little gold - physical not for trading just insurance long term.
buy some silver - mid to longer term profit
buy SELECT low margined producers there is a day coming when some producers will shine,but I don't agree with a high level of margin at this point. No greater margin than provided in the natural margin provided by those which can extract the metals from the ground at a profit.
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