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

To: zebra4o1 who wrote (31467)	4/30/2005 3:34:00 PM
From: Square_Dealings	Respond to of 110194

no, I think gold could come down hard too. eventually everything will have to be sold to pay the debts. the fed's helicopter drop- inflation plan failed and only produced high energy, home and stock prices imo. now I think everything could come down at once. m

To: zebra4o1 who wrote (31467)	4/30/2005 7:26:15 PM
From: Square_Dealings	Read Replies (3) \| Respond to of 110194

the only way gold will go up is if the Arabs start valuing oil in gold, or a basket of currencies other than the U.S. dollar imo. After 911 there were many U.S. media attempts to connect gold with terrorism. Gold is widely accepted in eastern and middle eastern countries as the ultimate currency but in the U.S., to value gold higher would in fact give these countries more wealth. Saddam Hussein had truck loads of gold which are probably now parked somewhere in Texas. besides many U.S. banks are short gold and that is why 90% of the time gold trades higher overnight it is slammed on the open in N.Y. the bottom line is until Bush/Greenspan screw things up beyond repair gold is not going up. so give it a couple of weeks... m