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

To: Proud Deplorable who wrote (23265)	12/12/2004 7:04:42 PM
From: mishedlo	Read Replies (3) \| Respond to of 110194

Exactly, and the more countries dump the dollar the higher in dollars gold goes. So it DOES appear to matter to us. What oil is priced in is meaningless, what they do with the money is not. Therein lies the rub. Right NOW gold is rising in US$ only as a function of US$. When the US$ is finally debased enough and then everbody realizes that the Euro and the YEN are just as bad (which can only happen AFTER the US$ falls enough) then and only then will gold do its BIG march up. That does not mean it will not go up in the meantime in US$ but it does mean that right now it is primarily a function of US$ weakness only. Got a chart handy of gold in Euros$? I would like to take a look. Nevermind I found one the-privateer.com Gold has not done shit in Euros or OZ$ since 2001 tops. Why should anyone outside the US be excited by gold? Instead look at the fortunes they could have made shorting the US$ instead of buying gold. What a waste of time physical gold has been for much of the world. Ironically enough, when the US$ finally bottoms and then everyone realizes what trash the Euro is and the Yen is and the US$ still is...... That is when gold takes off. Mish