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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: orkrious who wrote (159002)10/22/2008 12:03:17 PM
From: Live2SailRead Replies (4) of 306849
 
From his nightly rant:
To repeat, unless gold absolutely implodes to around $500, these gold stocks will literally crash to the upside and rapidly close the valuation gap that has developed over the past few months once the market comes to believe that gold prices are not going to collapse and that the financial system will remain intact. And every day that LIBOR comes down is another encouraging sign that the financial system is not going to implode.

He put gold implosion and financial system implosion in the same sentence using 'and.' I guess I merely inferred the cause and effect, but it does sound like he's saying that gold will only go up when people believe that the financial system will remain intact. I thought gold was supposed to be good for inflation and banking crisis (although I could never understand why for the latter, which means shame on me for holding this stuff through the meltdown).
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