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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: SOROS who wrote (6512)	1/30/2004 2:53:47 AM
From: westpacific	Respond to of 110194

Gold may see $365 again or lower in 2004/2005.... IMO deflation heating up and we are about to go into wave 2 top to 3 down. The first bear leg was the intial wave 1 down. Wave 3 is the largest move of an EW pattern. And IMO deflation will kick in and drag gold and mining stock down into this next wave. Gold will not be a great investment till this wave has completed in 2005. The bounce in 2005 will again make many think the US has turned the corner. Late 2005 into 2006 the final wave down will be a DEBT COLLAPSE and this is were YOU MUST HOLD GOLD AND BE OUT OF THE US DOLLAR. This final collapse NO ONE can call how low the markets will go and IMO the dollar will go under with it. This is how I see this playing out now. In deflation GOLD is a bad investment. The only reason I see it as a good investment late 2005 is this debt collapse will offer no other alternative and thus it could be the only safe haven. Banks could and most likely will fail - the EURO may surive and become the new global currency leader, but that we will have to see. The CB of France for instance still has 54% of assets in gold to date as an example. West