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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (3105)	12/28/2007 2:05:48 PM
From: carranza2	Read Replies (2) \| Respond to of 71456

I've been following this thread with interest. Your latest post is very intriguing, perhaps the most intriguing of a lot of intriguing posts. I am very long gold based on a lot of things, including the well known fact that there are derivatives galore on it which exceed or equal the value of most above ground metal. Gold is set up for a short squeeze if the derivatives which call for delivery of physical metal meet their event conditions. I think that with gold going up as it has and as it looks as it will - look at the Dow/gold and crude/gold ratios, which are still very skewed to the low side on a historical basis- the biggest risk for a derivatives meltdown lies in the gold market. By my calculations fairly priced gold should presently be in the 1200-1400 range. Yes, gold is a value play and is still in a supercycle which won't stop for a long time. It took me months to figure that out.