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Ron, I think you need to open your eyes and see what the Market is expressing. We are in an extremely strong ( at least service ) economy where GDP for the quarter will approach 5% or higher. In this environment, the economically sensitive issues surge: Papers, Chemicals, Transports, Metals. Look at the yield on the long Bond. " If Gold goes up, your basically betting on everything else going to hell". Not at all, at least initially. Money will come out of the Drug, Utility and Financial Sector and rotate into the Metals and other economically sensitive issues. Inflation is coming! The question is not if but when and how strong it becomes. The US$ falling has very great inflationary implications. Brazil has defaulted. We are in the perfect environment for a major major rally in Gold. Greenspam knows it, created it and won't be able to do a thing about stopping this rally! As you know, in a bull market, bad news is ignored. We are in the earliest stages of a Bull Market in Gold Right NOW! |
