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Strategies & Market Trends : The coming US dollar crisis

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To: LTK007 who wrote (17191)2/3/2009 5:49:14 AM
From: Real Man1 Recommendation  Read Replies (1) of 71455
 
Charts do the talk better. This one is from Lance Lewis.
The peak? 1999. The tentative secular bottom? 2-5 years, down
80-90% from here. 1 gold Oz could buy the DOW, wherever.
Could be at 8000 -g- The DOW/gold ratio may also not reach 1
this time. While it bottomed at 2 in 1932 and 1 in 1980, there
is no guarantee it will bottom at 0.5 this time (we are now
around 9). It could do
so much earlier, as 1980 was a major gold bubble. In general,
when DOW/gold ratio is below 5, stocks are very cheap relative
to hard assets. This has to be taken with a grain of salt, as
they may and usually do get cheaper. -g-

minyanville.com

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