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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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From: koan1/30/2009 6:08:44 PM
5 Recommendations  Read Replies (2) of 116555
 
Boy gold and silver are continuously moving up with the dollar. For years there was a 90% inverse correlation between gold and the dollar.

Now gold and silver are moving up WITH the dollar!

So the only thing I can figure is that the fear is so great people are not willing to just trust the dollar alone and are also now going into gold and silver out of stone cold fear.

This fear is increasing as the uncertainty increases. No telling where it will take us. Riots in Europe.

Speculators may now join the scared, as gold and silver keep moving up, day after day, and neither of those variables is quantifiable.

This, day after day move, in gold and silver, is exactly what happened in 1980. And the economic backdrop is much worse today.

Gold might go to $2,000+ and silver to $30/50 an oz this year.
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