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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (3256)1/10/2008 6:49:07 PM
From: Tommaso  Read Replies (1) of 71454
 
>>>However, nobody
orders a bunch of foreigners exactly how many dollars they
have to buy, or if they have to sell some of their holdings.<<<

The conversion of a very small fraction of these dollars into gold would have a huge effect on that market. As I write, gold is at $897.20.

Looks to me like a great buying opportunity for the mining stocks. NEM is below the top it reached when gold was half of what it now sells for:

finance.yahoo.com
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