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 105.33

+5.2%

Nov 26 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: clochard who wrote (67474)	4/10/2001 1:23:51 PM
From: Hawkmoon	Read Replies (1) of 116772

I didn't say a strong dollar, getting even stronger, was a "good thing" for US workers. All that I'm stating is that I don't see an utter crash in the dollar unless it becomes so evident that the entire global economy is slipping into deep recession. At which point the dollar will weaken substantially on anticipation of substantial liquidity being infused into the global system in order to spur economic growth. The dollar should weaken on such an event and gold would fare well. But personally, I would rather gold not crash against the dollar. That would suggest that people can't afford gold and are hunkering down financially saving every penny they can. It would suggest consumers are no longer consuming. And that's not good for anyone, especially those nations who's economies depend upon exports to the US. What I see instead is probably one more high on the dollar and then we see the Fed taking action to prevent a parabolic rise in the dollar, but cutting interest rates.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next