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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 389.75

+0.5%

4:00 PM EST

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To: Haim R. Branisteanu who wrote (58511)	12/1/2009 1:52:27 PM
From: carranza2	Read Replies (2) of 218125

Why? The fact that gold has lagged some indicators is a fairly objective thing to determine. I think the gold bubble is a more or less justified one in view of the the USD's weakness, one which it predicts will continue. Gold has also strengthened because of the possibility of multiple sovereign defaults. Dubai of course is the first one [though it is not technically a sovereign default]. Greece, Portugal, Italy and Spain suffer from similar problems. If things do not improve radically, the UK may well be listed with the PIGS. The risk of several sovereign defaults has IMO had a lot to do with the bubblification of gold. If the theme continues, we will see gold go much higher, especially as it appears that the US, but for its status as the printer of the reserve currency, would fall into the PIGS category.

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