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

To: westpacific who wrote (49784)1/15/2006 11:48:24 AM
From: glenn_a  Read Replies (3) | Respond to of 110194
 
Hi West.

((And gold hates a deflationary collapse, one that is just around the corner, though many here will not believe that is the case.))

Was it not the case in the last global deflationary collapse - i.e. the 1930's - that the price of gold held up well during the decade? I know that in 32 or 33 it was declared illegal to hold gold in the US, but I believe the proxy gold mining shares actually did quite well during the 30's. I've got some papers on gold's performance in the Great Depression at home (at work currently), and can dig up if it would help.

BTW, the current run in gold & PM shares may well still have a huge "excess liquidity" element to it.

Regards,
Glenn



To: westpacific who wrote (49784)1/15/2006 11:55:55 AM
From: Jim McMannis  Read Replies (2) | Respond to of 110194
 
Sure, gold is overbought on a short intermediate term basis. It can remain that way for a week or so using my T.A..

"Gold bugs", which I am not, tend to hold and will end up losing. Gold stocks have to be traded using T.A. for me to make consistent money. I rarely post on dedicated gold threads anymore because the reasons goldbugs love gold seems to dominate and is rather confusing at best.


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