Hutch,
I am still seeing you as outright bear in the Gold market.
Today's gold price move is not fading at all. Soon, gold will break that important $300 mark.
There are whole bunch of good blue chips in the Dow, many good stocks in the Nasdaq.
But these Dow and Nasdaq are indeed what you are talking about "fading".
Your talking about gold vs Currencies especially US dollar, that Dollar index is fading also.
I see Dow will soon below that 10,000 mark and Nasdaq below 3,000 mark, and I see it sooner rather later.
When Dow for the second time traded below that 10,000 mark, I see US dollar index below that 100 mark.
When these do happen in the near future GOLD will be $365.
CRB displays very bullish since 1997-98 bottom, CRB could not lie, CPI monthly data goes up and down, as far as inflation indicator is concerned CRB index is a much better
indicator.
Watch that gold break out on the up side by breaking that $300 mark, and gold will take off BIG time.
And I am not kidding you AT ALL.
JP |
