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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Ramsey Su who wrote (24123)1/6/2005 4:58:32 PM
From: mishedlo  Read Replies (1) of 110194
 
By that, I mean we need buyers to prefer gold over any currency.

As long as there are strong currency moves in ANY major currency this is not very possible.

IOW perhaps currencies need to be realigned first before gold makes its final huge push up. Until that happens it is going to remain at the mercy of the US$.

In the absense of any strong currency moves in any direction (US EU BP YEN) Those relationships get ironed out and everone realizes they ALL suck.....

That is when gold takes off.
Mish
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