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Strategies & Market Trends : Waiting for the big Kahuna

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To: Skeeter Bug who wrote (88446)	7/2/2009 6:17:08 AM
From: kayco	1 Recommendation Read Replies (2) of 94695

SB - The next scenario is the economy is not coming back. IMHO when this occurs gold should hold go up, but it will go down because maybe gold is just another trading vehicle for the big boys. Re inflation, US is not Zimbabwe. You need an international currency and that is USD dollar. UK for example is in much worse shape. Print too much money so logically gold must be worth more. Humanity has held ideas for a 1000 years that turned out to be 100% wrong. Inflation is psychological. As long US is number 1 power I think the USD will not go way of Zimbabwe's. The thing that could hurt the USD are things like CA and Illinois where you have gridlock in state legislatures. This is fight between those who have and those who do not. This type of thing occurs in more states then you could get change in approach to dollar. IMHO Yesterday's rise in gold is sucker move by traders.

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