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

To: Real Man who wrote (13381)	10/23/2008 8:59:28 PM
From: TH	Respond to of 71455

Vi, I am evaluating. My miner exposure right now is limited, but still very painful. I'm not in the mood to add just yet, and maybe that is a sign. As for an explosion in the miners, it is very possible with the absurd valuations relative to the POG. There are four questions I'm considering. 1. Is the deleveraging going to abate to a point where the miners can break out of the <sell everything death spiral>? 2. If the crisis improves, does the market respond first to a message that <all is well> and gold loses even more as <flight to safety> appeal is diminished. Although that has nothing to do with the fundamental driver for gold, this market does not give a damn about that. This is the uber-lemming market and each day brings an opportunity to chase a new crowd over the cliff. 3. How strong is the conviction of the central wankers to stop gold, and at what price? 4. Does the dollar base or does the dollar actually resume the downtrend. I see a lot of opinion that it is up or down for the dollar, and I wonder if the real objective is move it and have it sit. Stability is highly desired right now. All answers unknown at the present time. GT TH