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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (6096)	5/5/2007 12:02:36 AM
From: jimsioi	Respond to of 29622

VT, thank you for sharing the gist of Gary's comments. "the Fed and other CBs around the world are printing money in an ongoing competitive devaluation and pushing most markets higher." The question, I think, is when do they put a coordinated end to this...or at least give coordinated lip service to some type of slow down. My personal opinion is that once again Japan will lead the way with rate hikes in June and by China taking additional steps to slow the speculative bubble in its own Shanghai stock market. This again may be only a short term ripple against the stream, which continues driven by money supply increases fostered by US deficits and the need to competitively devaluate in order to maintain economic growth to satisfy local political situations, at the expense of future inflation. GOLD, Base Metals, URanium, probably, if higher spot prices are achieved, and I'm watching and participating in the grains through the DBA ETF...Energy right here I'm not so sure given the breaking down of WTIC...Brent Prices are probably a better indicator at this time of world oil prices....given the refinery bottlenecks in the US. A couple of charts.. The grain ETF stockcharts.com The Yen stockcharts.com again, thank you VT.

To: gold$10k who wrote (6096)	5/5/2007 4:04:04 AM
From: TheBusDriver	Read Replies (3) \| Respond to of 29622

VT do you think it might be "too early" to break out of that triangle? Any thoughts to how close to the apex you need to be before the breakout/breakdown happens? Lot of room for sideways movement here....donno myself.

To: gold$10k who wrote (6096)	5/5/2007 7:52:39 AM
From: TheSlowLane	Read Replies (1) \| Respond to of 29622

vt - fwiw, Coxe reiterated his call on gold this week: "The US is, still, one of the three great exporting nations. So if the Dollar breaks through its 79 support level on the DX, as we believe it will, then the currencies that are going to be affected most strongly by this are the Euro and the Yen. The Yen has been remaining depressed because of the carry trade. And as we look at it this morning, it’s 120.1, but as you know, those of you who have been following the calls, we are still of the view that that 122 line was a line drawn in the sand back in October 1998 at the time The Great Symbiosis was set up, and so, the Yen isn’t going to break that line, unless the world has truly changed. So therefore the one currency whose weakness has been saving the Dollar as it’s been falling to lows against other currencies, will no longer be, in effect, on balance, a support to it. So at some stage I think we’re going to break that…and when we do, we’re going to break through $700 on gold. And this time it’ll be to stay."