Gold Price Monitor 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.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.56

+6.1%

Feb 6 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ahhaha who wrote (67076)	4/5/2001 9:42:38 AM
From: SliderOnTheBlack	Read Replies (3) of 116972

ahahaa: re: ["the coup de grace is "walking down" (the US Dollar.] Well ah-ha; It's a fundamental necessity as pointed out by a vast array of economic, political & market observers. I think this quote from the FT article alludes rather clearly to the CONCEPT of "walking down the US Dollar" - ie: a slow descent vs a rapid collapse. O'Neill has allready let slip - the Bush Admin's Dollar policy - ie: "a strong currency (US Dollar) is the NATURAL byproduct of a strong economy" - the keyword there being - 'natural" vs. a stabilized, an interventionist and/or a manipulated currency. The stress fractures that the present US Dollar is creating in US Corporate profits, let alone other global currencies & economies from Turkey to Argentina is obvious. That the initial flight to safety haven during this bubble collapse is the US Dollar is expected; but just as the S&P, then finally the DOW have fallen; the US Dollar will become the last & final shoe to drop in the unwinding of this bubble. This is one of the easiest - ahead of the curve; market opportunities in years. Gold is emerging from a broad cyclical bottom just as an unparalleled equity & credit bubble collapses. Here's yet another quote addressing the concept of a gradual descent vs. a collapse of the US dollar & it's obvious necessity... [[But the window will not be open for ever. And as Paul Donovan, international economist at UBS Warburg, says: "A 10 per cent decline in the dollar over the next six months would be advantageous. A 10 per cent drop in the next 24 hours would be a crisis." ]] ... where do you think Gold will be with a 10% decline in the US Dollar ? Actually I like Silver (stocks) as much, if not more than Gold here... not too much profitable production globally in this price environment.... just as the cure for $10 Oil - was $10 Oil; the cure for $4 Silver - is $4 Silver...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next