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Strategies & Market Trends : The coming US dollar crisis

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To: LTK007 who wrote (7420)5/18/2008 7:03:53 AM
From: Real Man  Read Replies (1) of 71475
 
Gold:SPX - a long way to go.... Gold just broke out of
28-year "bear market" this year, and re-tested? Is there
such a thing as a gold "bear market" or "bull market"? I
believe the answer is NO, if you think of gold as a
5000+ year old currency. The true picture is that of the
dollar losing its value. Can you call a country where living
standards were cut at least 40% in the past 8 years to be
in a bull market? I guess so. However, this is a bull market
similar in nature to that in Zimbabwe. I have a hard time
calling this a "bull market", even though prices are
rising in dollars. If US hyperinflates, expect
the dow to reach 1,000,000,000,000, FWIW. A mega - bull this
will be.... The economy will then COMPLETELY collapse.



bp0.blogger.com
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