SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 382.87-0.8%Nov 13 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Haim R. Branisteanu who wrote (58508)12/1/2009 3:42:08 PM
From: RJA_1 Recommendation  Read Replies (1) of 217752
 
>>Gold $1201 and Silver $19.20 definitely in "bubble" mode from the nature of the price action

IMHO this is a "flee from currency" trade, or a loss of confidence in government monetary authority's, the Fed in particular. It also reflects unease with the governments liabilities (on and off books), and their means, if any to cover them (other than say, by more borrowing). It also to some degree reflects loss of confidence in fiduciary institutions, many of which are not in such healthy shape (and what health they currently display, in part, is because of successful govermnent pressure on the accounting rule making authorities (FASB).

Similar things have happened through history. If this is one of those times, assuming that,

what is a suitable alternative?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext