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Pastimes : The Philosophical Porch
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To: Rarebird who wrote (5782)7/5/2010 6:44:52 PM
From: Larry S.  Read Replies (1) of 26251
 
Rarebird,

I respect your knowledge of the markets and technical analysis but I would like to understand the basis for your projection that the dollar will rise and the POG will fall. I hope you have time to explain and enjoyed your Fourth of July at the beach. I can understand that the value of the dollar, as defined by the DX, can rise --- the EURO can drop in value faster. But, with our very large and increasing debt, our currency must be reduced in value to make the burden of the debt manageable. I would think you would agree that, while one might dream of our growing our way out of the problem, in the real world, devaluation of our currency is the only solution. If our currency must fall in value, won't gold increase in value.

Please tell me what I don't understand.

Larry
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