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To: SwampDogg who wrote (143355)1/24/2009 11:23:55 AM
From: koan  Read Replies (2) | Respond to of 314365
 
>>
Whole market is going higher (led by gold)
When gold topped in mid July '08 and snapped it was a signal of deflation and a warning to the market. It is now telling us the opposite for those that care to listen.<<

I agree, but I think what really set the rocket off was when the world saw for sure, the world has a super duper banking and economic crises that looks almost impossible to solve.

So gold and silver are joining the dollar in the flight to quality.



To: SwampDogg who wrote (143355)1/25/2009 5:08:56 AM
From: E. Charters  Read Replies (1) | Respond to of 314365
 
I don't disrespect your position. You may well be right. I can see no compelling economic reason to believe this, but I am not known to be the greatest economic pundit since Galbraith.

However when you say that the economy is going into recovery, I must say two popular images sprang to mind immediately.

youtube.com

One of the best commercially unsuccessful bands in history.

And --

youtube.com

Now, don't take it as fundamental criticism. I must however remain a cynic. It may be a self fulfilling prophesy for many to believe the same. And they may be very wrong.

But to be scandalously self defeating, I believe that the G7's society's price and wage structure HAS to change.. in order for us to be more competitive. People doing very little are making way too much money. We are basically very unproductive and wrapped up in far too much red tape and collective bargaining that is getting us no better standard of living than we had 50 years ago.

Poorer in fact. More tech, and more poverty. Something is amiss.

EC<:-|