Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mishedlo who wrote (19105)	12/20/2004 6:45:42 PM
From: yard_man	Read Replies (1) \| Respond to of 116555

no mention of the yen?? stockcharts.com[m,a]daclyyay[df][pb50!b200!f][vc60][iUb14!La12,26,9]&pref=G and what means only a USD thing -- the USD is the reserve currency of the world -- still. That means those reserves are lower in terms of gold and significantly so. I love all the detractors of gold REACHING for reasons not to be in right now -- sure, a dump in the POG is coming -- but there will be a lot of folks making their arguments instead of buying. I am sure they will be missing a large percentage move. Folks in other countries are not as stupid as is implied -- they understand the significance of dollar weakness and they know that money is flowing into gold. Many are aware of the reasons the USD is exhibiting weakness and what that portends for all paper. I see nothing in your analysis or Heinz's response that indicates anything about a timetable or reasoning as to why it will be later than sooner >> Best guess for this scenario to play out is about 3 years minimum [that's just a swag]<< -- that gold rises in other currencies, but for me it doesn't matter. I buy in USD and am very happy to hold or buy more physical when it dumps to 410 or so. All the cautionary notes are just jumping on a popular bandwagon, Mish. All wall of worry stuff -- healthy for bull markets. If you are waiting for the POG to rise in all currencies before you jump on -- may I respectfully say -- you've missed a quadrupling of the HUI index -- you've missed gold going from 250 to over 400 -- if you wait for it to rise in all currencies, you will be worrying about buying at 520 because the price of gold has doubled from the bottom and is really "due" for a huge thwacking. I would recommend setting a little bit aside to just play it longer term and leave it alone. That is a good reason buy the coins, IMO. Here's another prediction: when gold resumes it's rise -- early next quarter -- there will be an 'event' that 'explains' it. This is much easier than keeping in mind the long term fundamentals are realizing that all bull markets have ebb and flow and increasing volatility as they mature.