Hi ole 49r,
No need to appologize, I get crossed all the time myself.
I think, the Ute indx is more tied to interest rates, which normally rises when the economy is weak or there is low inflation. However, the DJIA and the trans indx reach highs when the economy is booming.
But these are not normal times ! The greatest bull market in history. When it ends, I would very much like to be in cold cash.
Gold may be a different story. By the start of the new millennium, Au may be driven up by a acute imbalance in supply and demand.
When the equities tank, the $ falls, where is the trillions of $s going to be invested ? I would think that a fraction of the trillions would go into gold. That, when combined with the retail demand, will push the POG to all time highs.
BWDIK,
Regards, Lalit Jain |
