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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (1636)5/18/2006 12:33:21 PM
From: Jamey  Read Replies (2) | Respond to of 50498
 
"But to compare the current gold jump with the 1980 surge that ended the 1970s gold bull is absurd"

I agree. I understand that in 1980 dollars, taking into account inflation, gold will need to rise to over $2000 to get the same bang for your buck.

Maybe Slider will take into account what the $USD is really worth when he predicts the dollar as a trading vehicle. A 1913 dollar is only worth $0.04 cents today. Maybe some can begin to understand how the FED gets our hard earned money while Bush talks tax cuts. They get you coming and going.

That is why I am a gold bug. Gold has intrinsic value that the GUV can never take away.

Santi



To: Crimson Ghost who wrote (1636)5/18/2006 11:57:53 PM
From: SliderOnTheBlack  Read Replies (1) | Respond to of 50498
 
Gold vs. Liquidity & Sentiment....

Of note:

For those who think this isn't equal to the last Boom to Bust mania in Gold in 1980...

How about a little REALITY CHECK vis a vis -- sentiment readings and gold:liquidity correlation:

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bcaresearch.com

quote:["Gold prices have now far outstripped our cumulative liquidity measure that had correlated well with bullion prices in the prior 30 years.

Meanwhile, sentiment towards gold has reached record optimistic readings, even surpassing the apex in the earlier mania phase in 1979-80."]


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..."even surpassing the apex in the earlier mania phase in 1979-80."

tic' toc`

SOTB`

Always be early to the party and never, ever, EVER be caught hanging around at -- LAST CALL.