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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (28183)	2/15/2003 6:25:30 PM
From: habitrail	Respond to of 36161

Your points are really important. These are the things I worry about a lot. It does no good to play this meta-contrarian game halfway. I think the hope is that the relatively small gold market will be influenced by large forces once the masses get chased out of the dollar and real-estate. <<US Dollar demoninated>> If gold rises past its normal cyclical range due to a falling dollar, then gold may not rise farther against the things people use money to buy, but it should not fall either. The end result will be that people will be settling back into the dollar at a point that protects their purchasing power. In these scenarios, I suppose people ought to hold the actual metal or hold stocks through a mechanism that they feel cannot be affected by financial turmoil. I have read Prechter and Weiss, but that has not given me all the answers.