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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.98+1.3%Nov 28 4:00 PM EST
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To: wonk who wrote (31195)3/17/2008 4:14:38 PM
From: carranza2  Read Replies (3) of 218105
 
No doubt a lot of talk last night.

I thought it curious that gold went up significantly overnight but has since then stayed steady at the 1005-1007 level. I was actually concerned that it might drop precipitously, but I no longer think so. The increased liquidity guarantees a rise in the price of gold. There is no reason for a drop unless deflation rears its ugly head, which seems unlikely.

If there is one thing BB can do is fight deflation. The cure might kill you, however.

Very interesting times.
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