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


To: Jim Willie CB who wrote (26737)2/18/2005 7:31:15 PM
From: Jim McMannis  Read Replies (1) | Respond to of 110194
 
RE:"what Americans fail to realize is that there is NO GOLD rally in Asia"

So the gold rally is just a dollar fall?



To: Jim Willie CB who wrote (26737)2/18/2005 7:32:12 PM
From: Square_Dealings  Read Replies (2) | Respond to of 110194
 
there hasnt been a gold rally because the debt hasnt been called. interest rates are at multi-decade lows

gold is a debt instrument and most major US banks are short. when time comes to pay the debt gold will go up regardless of inflation/deflation

either that or the US will default on its debt and gold will go up

the value of gold is purely based on the amount of money borrowed against it and the value of the currency of that debt

very simple

m