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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Keith Feral who wrote (91184)2/3/2008 9:26:47 PM
From: Proud Deplorable  Read Replies (2) of 110194
 
Keith with all due respect you know little about gold and aren't in a position to comment not that I care if you do or not. Gold is up 37% since August. You could argue that its short term overbought as some say but I think overbought is a good thing as it shows huge interest.

Home prices were overbought for years and years like maybe 5 years at least. But gold is real money, homes are soon to be junk piles worth nothing as virtually all homes built these days have a lifespan of 50 years before they have to be torn down. Gold will never be torn down.

If it tests support at 800 or so then look at it as a gift as in a few weeks the USD will resume its plunge to zero as that is what it's intrinsic value is at this moment.
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