The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (23766)	10/22/2009 6:16:33 PM
From: gregor_us	1 Recommendation Read Replies (2) of 71408

Gold's performance in this asset reflation is unremarkable compared to many other assets on the planet--and yet it draws (as usual) tremendously passionate commentary. There are two things at work here. One, is that intuitively the mainstream is more comfortable with the Brazilian Stock Index doubling in USD terms in short order, and quite uncomfortable with gold going up half us much, or less, as the former gives hope to a USA in trouble and the latter confirms it. Also, we will soon see the GOOG effect in POG which is a phenomenon whereby those who are skeptical anyway become "outraged" on a daily basis at the whole dollar amount that POG will be rising by, and not the percentage. I saw this unfold for years around GOOG, especially when 3% moves became 12.00 dollar moves. It's exciting to think how much anger 1500 POG will generate as the double dip in the economy unfolds, and 3% moves are 45.00 dollar moves, causing mainstream meltdowns on the telly. G

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