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

To: Secret_Agent_Man who wrote (15711)	12/23/2008 8:16:46 PM
From: Real Man	Read Replies (1) \| Respond to of 71403

About the same time, and I'm hedged again. Technically we hit the downtrend line and 200 MA. I'm afraid a bigger dump is on the way, since POG is still in correction mode, and all commodities, especially oil, are still in the gutter. Interim bear markets are nasty, gold did dive from 196 to 103 in 1974-76, but, more importantly, it lasted for some time. It could drop to 600, as jewelry demand gets hit, while investment demand is too sporadic with higher dollar to compensate for that. Technically, we shall see if gold finds support at 50 MA or slighly below, which is 775. If not, oh well. It could drop to 600.