The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: NOW who wrote (30801)	4/17/2005 12:09:14 AM
From: Taikun	Read Replies (2) of 110194

TE, Gold has been good to me as well. My concern is that despite a war, terrorist attack, amazing liquidity growth and waning confidence in fiat currencies gold hasn't been able to go over $450. It wouldn't take many billionaires and millionaries to put several percent of their wealth into gold and spike it. The same thing could happen if a few corporate treasurers put several percent into gold. It hasn't happened. By all rights, gold should be going nuts right now! What we have now is liquidity leaving the market, as the Fed tightens. In a financial storm, more liquidity will be needed to cover the debt overhang and rates could spike (in order to attract the necessary funds) In that scenario, I see liquidity going away from gold. If gold can't break out now, how will it do so if T-Bills yield 8% or liquidity leaves the market in droves. That's what prompted my post. I can't see it. D

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