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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (68758)	9/8/2007 12:41:56 PM
From: benwood	Respond to of 116555

West, what do you mean 18-year upside? kitco.com You must be referring to something other than nominal price. And if you were referring to real price (bart have a chart?) it looks even more pathetic. Looks like an eight year upside to me. I'm not a chart player though, so maybe I'm mistaken in that interpretation. I know others also expect gold to cave along with other commodities, and I believe it will eventually, just later from a higher level. I also believe if there were safe haven zealots entering gold en masse then we'd see just a tad more gain from here than just 14%. But either way, I definitely wouldn't bet the bank on a big upside move, esp. considering the liquidity/solvency issues in the market.

To: westpacific who wrote (68758)	9/9/2007 8:48:15 AM
From: TobagoJack	Read Replies (1) \| Respond to of 116555

<<Give my $800 so I can go full tilt short the metal>> I am cognizant of the real possibility of gold knocking on 400 before going to 6000. I will decide what to do about my currently held gold when I need to. I do not see need to decide now, for there is no danger now; none.

To: westpacific who wrote (68758)	9/9/2007 1:31:28 PM
From: Arran Yuan	Respond to of 116555

<Suck all those safe haven zealots in before chewing them up and spitting them out.> That is more than you just stated zealotIOUS. Au to trap its bugs by year end? Possible! But with what probability? In what sequence? Something else must have to give before Au does. What would be that something? Enjoy!

To: westpacific who wrote (68758)	9/9/2007 2:57:39 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 116555

Gold is still lagging most other commodities during the past 3-4 years. Don't see a reason for your scenario other than outright deflation which is certainly possible, but right now I'm much more on the side that the Fed will do everything they can to avoid that scenario.

To: westpacific who wrote (68758)	9/10/2007 1:50:19 AM
From: Proud Deplorable	Read Replies (1) \| Respond to of 116555

oh sure, that's why almost every nation on the planet is dumping USD whenever they can and switching to other currencies. China is buying gold, the public is about to stampede into it sending it through the roof, a new war or attack or both is minutes away. Gold can easily hit 800.00 by years end and start a PM bubble which will last at least as long as the housing bubble did before it burst.....5 to 10 years? You also said this..."The cut will not come till 2008 at best." Want to bet this happens before the 18th? I think it will. The Fed has no choice but to sacrifice to dollar to ease pain before the vote time will tell