Technology Stocks & Market Talk With Don Wolanchuk Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 41.74

-3.0%

Nov 7 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: da_cheif™ who wrote (32923)	9/29/2008 1:15:36 AM
From: Proud Deplorable	Read Replies (1) of 206786

You're talking about monetary inflation in the first case and price inflation in the second case. Gold will keep rising (USD) as the dollar is devalued by continuing debt financing of wars etc. necessitating the creation of more and more money going forward but oil at 40.00 doesn't cause a need to create more 'money' so I don't see the connection of oil to gold, never did really, and think it was a temporary phenomenon created by futures traders but has no basis in the real world. If low oil prices ever translate into low gasoline prices then I can see the consumer having more money to spend which will create more 'price' inflation (too much money chasing too few goods) in other areas but this won't stop the Fed creating more 'monetary' inflation and gold skyrocketing imo. If consumers really stop spending then this might change but....who really thinks most people in USA and Canada realize that the good ol days may not return and that their over consumption is over? I don't see that attitude changing in this generation short of a total collapse..but hey maybe we ARE at that stage. Whatever happens I see gold (silver)as the only protection. chrismartenson.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next