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Strategies & Market Trends : Waiting for the big Kahuna
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To: Eva who wrote (91029)10/30/2009 5:02:11 PM
From: carranza21 Recommendation  Read Replies (1) of 94695
 
The best, most informed thinking I have seen says or implies that additional stimulus will have to be made to make sure the 'recovery' doesn't run out of steam in 2010.

In my view, this means additional printing and the taking on of additional public debt, all of which are not good for the dollar and very good for gold and other PMs.

There are IMO huge deflationary pressures at work. Bernanke will figt them the only way he knows how. This is of course also very good for gold, though it is very bad otherwise. I accordingly hold a lot of gold.

Even if deflationary pressures overcome Bernanke's & Obama's future efforts to stimulate a slowing economy, which efforts I think are inevitable, I think gold should still do well. But the success of gold in a deflationary environment to me is a lot less certain. I accordingly keep my PF in a lot of cash, too. In fact, that is all I presently hold, cash and gold and gold miners.

My two cents.
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