The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Elroy Jetson who wrote (6822)	5/4/2008 7:15:05 AM
From: Real Man	Read Replies (1) of 71447

Given the amount of swearing at Jim Sinclair and dancing around chronically sick clownbuck, I feel POG could be close to the end of this seasonal correction here, rather than normal mid-Summer time frame. Yes, it is going much higher, even though it had to drop 200 first. I doubt Sinclair's 1650 will be "it". The metal is in secular bull market with no end in sight. The size of retail investment in gold can be measured by the market cap of GLD, currently 19 billion. It has lots of room to grow... hundreds of billion, a trillion - you name it. When it grows to a few hundred billion, it will be much harder for CBs to suppress gold price. As they are doing it now, it sends miners in the dump and affects gold mining supply... While shortages are unlikely in the gold market, they will for sure continue to be an acute development in other commodity markets, sending some prices sky high in the process. And then there is no mania like gold mania... When gold prices will jump a hundred a day. That day will come.

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