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

To: Tommaso who wrote (6159)	4/14/2008 9:03:04 PM
From: Real Man	Respond to of 71475

A ''full-blown US recession'' might send gold prices ''considerably higher'' than the Citigroup forecasts, Hill said He's looking at supply/demand.

To: Tommaso who wrote (6159)	4/15/2008 5:42:11 AM
From: Real Man	Respond to of 71475

321gold.com Commercials are still short more than 200K contracts. So, Hill is right, the correction may last longer and be even more painful. The other side of the coin is the dollar crisis - gold should remain an excellent forecaster for the next leg down, and I believe that's where we are going. That in spite of high speculator long position. I don't think the dollar drop into the high 60-s will happen without gold exceeding 1000 again, and it should probably do so prior to the dollar drop. Since this is a nervous metal, gold can rally 100 as fast as it dropped 100. I bought the dip in gold in the high 800-s, and plan to do it again if it drops further. -g- This is a secular run. We've seen the bottom in the late 90-s and early 00-s. I was buying then. Regarding secular bottoms and no volume - remember how a small Buffett purchase of silver doubled its price in 6 months? That's how a secular bottom looks. We shall yet see gold mania, like no other mania. -g- 1971 was the beginning of fiat, this is the end of the fiat.