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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: re3 who wrote (63143)1/31/2001 2:56:21 PM
From: GST  Read Replies (1) | Respond to of 116760
 
Its a little early in my part of the world to be loaded to the gills -- but look at the market. It is too late to buy bonds -- the cuts are priced in as far as the eye can see. The dollar will continue to slide -- so why own US debt? As the dollar slides more selling will ensue - who wants to own falling dollars on bonds that are already near peak prices with lower yield-spreads? This is good for gold and bad for US denominated financial assets -- hey, what's twenty years to a long term investor LOL.