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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: stockman_scott who wrote (49558)4/5/2002 11:38:39 AM
From: Jim Willie CB  Read Replies (1) of 65232
 
interesting historical cycle look on gold
we are now at an historic high for Dow/Gold ratio
and RIGHT AT the uptrend channel barrier

I have repeatedly cited the issue of paper assets versus hard assets
here is a nice chart in middle of article on Dow/Gold ratio
a channel
it covers the entire century
I think we are at or near a turning point
the vast pathetic fiat currency experiment has run its course
human greed and tendency to overspend on credit is the problem

all in the name of national security
each crisis brings about higher debt levels (bubble)
unfortunately, I see the US Economy as a debt bubble whose currency is a fiat-credit instrument
it yields to gold & silver sooner or later

worth taking a quick look
/ jim

gold-eagle.com
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