Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Little Joe who wrote (104937)	11/27/2009 3:15:31 AM
From: Skeeter Bug	2 Recommendations Read Replies (1) of 116555

LJ, if the dollar carry trade unwinds, i expect gold to go down. that scenario means sell everything, buy dollars and cover dollar shorts. gold went up b/c of the carry trade and it will go down because of the carry trade. gold catching a bid in the low $1140s right now. you might want to hedge. i'm not sure if this glimpse of deflation occurred on jp goldman fed crew's schedule or not. i was thinking Q1, but this might change plans a bit. i think the market sells off a bit, firms up going into the end of the year and then rolls over big in Q1. gold ought to go down at the same time. the new stimulus programs designed to prop up the banks and, more than likely, hand cash out to all americans will likely cause gold to get a bid and move higher - perhaps for good as fiat instability begins to look even worse than now. it could be a rough ride, though, and you might want to hedge some or all of your gold positions.

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