Dollar index trendline is 107.5, from where it will fail, and go down the tubes. Gold will break 330. HUI will reach 93 and bounce. What's your prognosis? Let's test and compare later. 23% on average gain for POG in all world currencies since 1999 is a bull trend. I think most people here are looking at gold in rearview mirror.
I have time inconsistentcy, since I see a large probability that stocks (SP) may bounce for a week to a month, while the dollar will keep falling. The only way this is possible is in a currency crash, like turkish lira. -NG- I don't want USD to behave like turkish Lira, but part of my family back in Russia wants to convert all their savings from $ to Euro cash, and the press keep calming people. "The dollar won't crash, cause the American economy will recover, etc., etc." This is what pre-currency crashes look like, and CB intervention was never able to stop them. If the dollar crashes, gold will go to the moon. The next stopping point on gold train then is $1000. Don't get left standing on the platform, or get smashed by the gold train shorting gold. Remember, gold train is EXTREMELY HEAVY. -g- |
