To: marcos who wrote (62479 ) 12/9/2008 6:02:49 PM From: E. Charters Read Replies (2) | Respond to I think 2009 will be a watershed year. I don't see any major wallet forces that will make it into a banner bull year. If everyone takes a wait and see attitude for sure it will be reflected in the price of stocks. They will wait, you will see. The only burning question in what will be a dismal dry year is, will gold stocks or some gold stocks differentiate as they did in the 1930's? Is this hold on for gold, a back up fingernail dig at the edge of the precipice, or is gold poised to stride away from the bases, money metal that it is? This is an economic question. Gold is cut loose largely from the payment standard it once had, but countries are arguing over their currencies. Russia, Europe, the US, the Chinese, as to primacy. They are not arguing about gold, some are hoarding it in reserves. Particularly the Chinese. No matter what is said out of London, people like gold and that sentiment is unlikely to change in hard time as prices of mere goods fall. Nobody ever believed gold was a good, or commodity who had any sense. When you hear people talk like that, they can't look you in the eye. Gold is money and it has been since the pharaohs smoked up in their pyramids. (Yes, the pyramids were a huge hash stash, now you know. "Do you see a pyramid out there Ramses? No, all I see is some stars a lame camel. Well I got it, let's build one.." (mad giggling))The pool worked well until 1965, when private buying of gold begun to exceed mine supply, forcing central banks to sell gold reserves into the market to hold the price steady. In 1968, when the Tet offensive in Vietnam touched off a tidal wave
