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

To: TheSlowLane who wrote (24087)	11/10/2009 7:00:16 AM
From: Real Man	Read Replies (1) \| Respond to of 71463

Thanks. I am looking to enter a diversified junior position for the mania. It is too Risky to play them individually. Unfortunately, my expectation for the US currency is rather dire. I now expect US dollar to lose a minimum of 2 zeroes in the coming 3-5 years. No, the Fed has not done it yet (meaning the Fed did not print enough for that yet), but 2009 sure was a good start, they devalued the dollar 70%. I fully expect it to continue, since the government is insolvent and has no other way to pay for all the programs it invents. So, Gold and DOW are both going to 6-7 digits. We should see a gold mania like no other mania soon.

To: TheSlowLane who wrote (24087)	11/10/2009 9:09:33 AM
From: Tommaso	2 Recommendations Read Replies (4) \| Respond to of 71463

There are a few things that make me a little cautious about gold for the near term (3-6 months). 1. I found myself listening to Lassonde the way a true believer would harken to an evangelist preacher. 2. I find myself congratulating myself too often. 3. The sudden appearance of certain well-known SI cranks on gold-focussed threads. 4.That story about gold on the front of the business section of the Sunday NY Times. I may consider raising some cash, not because I have the slightest confidence in the U.S. dollar, but just to be in a position to buy anything that looks really cheap. But I have not decided yet whether to do this or just continue to sit tight.