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Politics : Welcome to Slider's Dugout

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To: Crimson Ghost who wrote (9784)5/20/2008 3:40:00 PM
From: chainik  Read Replies (1) of 50424
 
C, as you know, Hussman is not trying to predict daily moves/noise.

His argument is pretty straightforward (I hope I am not oversimplifying):

-Commodities (in particular, oil) are in a bubble;
-The bubble will be killed by higher interest rates;
-Gold will follow;
-Rate hikes will start at the end of this year, after elections.

So, if he is correct, gold will be significantly lower 6-9 months from now.
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