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

To: GST who wrote (85963)9/6/2007 1:20:05 PM
From: John Vosilla  Read Replies (1) | Respond to of 110194
 
'I think their ability to continue to do this is now at an inflection point. What seems not to have been grasped yet is that there is strong demand for gold, and that demand will feed on itself as gold goes up. Next stop? $1000'

If true then this begs the question have the big money players completed the final shakeout of weak hands? A modest recession for the US and a steepened yield curve with continued growth in Chindia might be the best possible launchpad for gold.

Barrick Gold breakout to all time high worth watching closely for clues..

139.142.147.19



To: GST who wrote (85963)9/6/2007 2:38:51 PM
From: Crimson Ghost  Read Replies (2) | Respond to of 110194
 
Just to put things in perspective, at the peak of the 1970s gold bull, an ounce of gold commanded the same price as the Dow industrials.

Today the Dow commands nearly 20 times the price of an ounce of gold.

I doubt gold will equal the Dow during the current gold bull, but there is A LOT of room on the upside if things really get dicey IMHO.


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