Just wanted to remind you it's April 11, Gold performs badly between April-June historically... And during such times Gold has made new decades lows. If this is anything like Oct 98, we can count on ECB selling-leasing to offset their currency demise. As you mentioned Euro did squat on rates, which in my opinion was predictable {more so then US fed actions} Denial is always at forefront in ignorance. Watch them tank in the coming weeks, carried by Japan and their ignorance. There is to much downside pressure on Gold going forward now... {and to think I was bullish for the wrong reason, what a sucker.. lol} Beware Greenspan M2/M3 levels... he's going to have to reverse those liquidity levels or risk more then just the Markets...And if he does, USD will jump up hard. You boys will be inporting deflation and thus racking up lower earnings. {Rarebird warns of this, and is correct} Pe's will ramp based on lower growth rates, but higher then foreign rates... and the positive feedback will diverge the world economies once again. And as so many here point out, Gold in US Dollars will get demised further, pushing it to new lows. Companies to avoid because they hedge are PDG, ABX.. but others such as NEM, HM etc will die hard. Heck $232? The Gold-Bear party is on soon....
Hutch |
