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Microcap & Penny Stocks : Rat dog micro-cap picks...
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To: Bucky Katt who wrote (5478)8/13/2001 11:59:09 PM
From: Silver_Bullet  Read Replies (1) of 48461
 
Taking a peek at the XAU it looks to have bottomed at the $42 level late last year from a high of 155 Area back in the first half in 1996. It's been on a downward move since then and that, of course, goes perfectly with the "Strong Dollar" policy as discussed in the 2 part post you kindly posted earlier today. BTW Thank You for sharing that article!!!

Now if things work out as many are predicting for this fall, a market crash of some kind, then we should see the XAU peak out in the 70 - 80 area in the next 2 - 3 months I would think.

The real question is when will the dollar weaken to the point of crash? Meaning that the XAU and Gold, and probably all precious metals will go up and stay up for many years. Maybe the dollar has already switched it's trend and is heading down but is this the beginning of the dollar crash or are we 5 - 10 years early? It's the timing that is the crucial thing as always.

If the dollar bubble bursts, other currencies, and countries for that matter, that have depended on the dollar will have a hard time as well. Right now I could go to a city in Turkey and give a guy a dollar and he would take it. He understands it's "value". Would he even know what the british pound or Euro is? Same thing in Asia but can you do that with the Euro or another foreign curency? The dollar is global, much like english is, and a crash doesn't just effect the USA, it will have rammifications all over the globe.

FT

P.S. Were you really still holding HGR and GAIT from years ago?
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