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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: EL KABONG!!! who wrote (37833)9/4/2003 2:37:43 PM
From: Seeker of Truth  Respond to of 74559
 
A wee bit of a counter indicator?
Yes, Kerry, but only a wee bit. The overwhelming majority of the stuff being thrown at Joe 6P essentially says that we're at the dawn of the next bull market and the smart money is piling in now, before there are no more bargains left. I think we have to wait until the trumpets of "BUY GOLD!" are as loud as those that say "BUY STOCKS NOW!" before we can confirm that buy gold is really an important voice.



To: EL KABONG!!! who wrote (37833)9/4/2003 3:48:42 PM
From: maceng2  Respond to of 74559
 
"Since central banks aren't letting their currencies appreciate against the dollar, that implies that all the currencies will depreciate against gold and commodities in general,"

That is how this J6P sees it, and I bet lots of others do too.

For example, there is a silver content (a few percent) of all lead free solder these days. I expect silver to go up, and therefore so too printed circuit boards and plumbing. Before you know what we have general inflation. There are lots of indicators showing the bullish case for commodities. That equals inflation at the end of the day.

It's just a matter whether the bankruptcies and subsequent drop in property values compensate for that factor.

imho of course -g-