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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: fedhead who wrote (45403)10/9/2008 2:46:56 PM
From: Bill Harmond  Read Replies (4) | Respond to of 57684
 
I think the reasons for owning gold have run their course.

Global end demand for jewelry is clearly suffering, inflation is certainly not a concern with the break in commodities, the dollar is getting stronger so the currency hedge play is over, and credit markets are beginning to get better so the fear premium should disappear.



To: fedhead who wrote (45403)10/9/2008 3:18:53 PM
From: Lizzie Tudor  Read Replies (1) | Respond to of 57684
 
gold is really just a play on the dollar and the dollar will likely rise against the euro, just because the euro is bound to fall from its heights, the dollar is already low.

gold really is worthless, it is only its pricing in dollars that is interesting



To: fedhead who wrote (45403)10/9/2008 4:18:23 PM
From: microhoogle!  Read Replies (1) | Respond to of 57684
 
I think gold might go down initially in a deflationary environment. One could go wrong in timing their gold purchase as well


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