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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: niceguy767 who wrote (97582)	5/15/2009 10:34:36 PM
From: koan	Respond to of 116555

I do not pretend to see very much at all of this mess. But from what I have read FDR devalued the dollar 46% by raising the price of gold form $22 to $35. All countries that devalued their currencies started clinbing out fo the GD, but thsoe that didn't, didn't e.g. france and Italy. So I am wondering if the US wants the dollar to devalue and so will let it go. And as here is about a 90% inverse correlation gold wold climb. The GBG wts are just now clearing out the overhang from the last PP. They are in the money .15 and last week showed a clear breakout. Lots of time as well and should work as a great leveraged gold proxy.