The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Tommaso who wrote (16057)	1/5/2009 6:30:07 AM
From: Real Man	Read Replies (1) of 71456

Yes, but miners dropped some 70% March through November. This thread was barfing loud. HUI rallied some 100% since October lows. Gold is technically going through the bear phase of the 9-year cycle, currently trading at about 200 MA, and I just don't know if it ends now or in August this year. Typically these last some time, about 2-3 years, but the Fed has been quite careless with the printing press. I am overweight miners because they are cheap relative to gold, but they are also very volatile. Not so worried about the physical, but I believe we may be in for another ride down. I have little doubt gold will trade well above 1000 in 3 years, but it very well could see 600-s this year. I do think miners have seen the lows.

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