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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (33588)	4/21/2008 5:25:11 PM
From: carranza2	Read Replies (2) \| Respond to of 217657

All quite possible. The gold market may have discounted all the horrible macroeconomic news, though I doubt it. What the price of gold has yet to reflect is the increase in money supply for that increase cannot be known until it happens. Since gold is very sensitive to money supply, I keep a hawk's eye on it. Money supply has grown tremendously in the last few weeks, suggesting that the price of gold should be going up shortly. It will. I think. And so I bet. I am not 'defending' the price of gold as (1) I'm not interested in doing so even if I could and (2) the point is to make moolah; thus, if gold no longer serves the moolah purpose, it will be as unceremoniously dumped as all my previous QCOM shares. I am not anywhere near getting rid of gold, though I do pray for a bit less volatility.