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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: sciAticA errAticA who wrote (12665)	10/4/2004 9:36:24 AM
From: The Ox	Respond to of 116555

First off, the article mentioned 100grams to equal the dow, that is about 4 oz, not one! You have taken it to an even greater extreme, which just about says it all to this observer. Maybe you should put down the crack pipe, as you appear to be floating out in space... Secondly, commodity prices can have wild swings and there is no reason why gold can't rise substantially in the next few months or years. However, I think anyone who is expecting gold to rise 300% while the dow falls 50% at the same time, is probably just a paranoid kook who's been reading too many end of the world scenarios. Can gold rise 50 to 100% in dollar terms while the DOW drops 30%? Sure. That's very reasonable but still not highly probable at this time. Lastly, why do gold bulls always seem to spout some irrationally crazy notion that gold will go up 800%? The supply demand metrics in today's world simply don't justify this view.