The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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From: Real Man	11/12/2007 5:45:26 AM
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Well, here is the big secular picture. Note that it is an expanding triangle, which probably means the most "optimistic" forecasts for the peak of the secular bull market in gold are wrong. I have to put "optimistic" in quotes, because the world will be an ugly place at gold = 10,000. DOW/Gold ratio could move to 0.5 eventually at the bottom of this secular bear market, that's what the line connecting the bottoms would predict. This could mean GOLD=10K,20K, you pick it. 800-815 is the first support. I'll rotate a bit back from Yen there. Who knows if gold stops there and zooms higher, or it decides to drop some more. We are definitely in a secular bear market, but as our currency gets diluted, we can't see this in the stock market.

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