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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 (88561)11/6/2007 6:47:37 PM
From: benwood  Read Replies (1) | Respond to of 110194
 
I reduced my own pm holdings to 60% ten to fourteen days ago, and already it is back to 70% of it's former glory. Another couple weeks like this and it will be back to 100%.

But that couldn't possibly happen, right? It can't be that after all these years of reckless (and wreckless) monetary and budgetary policy, public and private, that the wheels would come off the bus. That was supposed to happen when were were dead and gone, leaving our grandkids holding the bag.



To: GST who wrote (88561)11/6/2007 7:05:05 PM
From: bart13  Read Replies (1) | Respond to of 110194
 
My current best guess is either roughly $5,800 or $3,600.
The last bull moved over 20x from ~$35 to $850, and 20 x $250 is $5,000... and that data and $2-4 will buy you a decent cup of coffee. <g>

I don't see gold correcting below $600 or so... and also remember how bummed my father was when gold dropped from about $190 to about $103 in the 1975-6 period. I only had a few ounces at the time so it wasn't very painful.


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