Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: re3 who wrote (92103)	12/24/2009 8:19:22 AM
From: Real Man	2 Recommendations Read Replies (2) of 94695

This is what I think is driving the markets, and especially gold, but I may be mistaken. As you can see from this chart, gold is due for $1500-2500 price tag fundamentally, based on it's price of $700 last year. Some folks disagree with this assessment, but whenever gold manias ended in the past, US Fed gold holdings bought its balance sheet. That would be between $8K and $11K per Oz. now. Fed claims they will shrink it, but I find that very hard to believe. More than likely, their balance sheet will have to expand much further as it accomodates for the blown up credit bubble mess by printing. -g- Message 26198849

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