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

To: Tommaso who wrote (24093)	11/10/2009 9:12:39 AM
From: TheSlowLane	Respond to of 71463

I hear ya. The biggest challenge for those of us who have been in this for years now may be to not sell too soon. That doesn't mean you shouldn't periodically cull profits though. I have been doing it on a case by case basis, as stocks become overbought. Keep in mind that stocks can stay overbought for extended periods of time though, particularly if the sector is strong.

To: Tommaso who wrote (24093)	11/10/2009 9:42:26 AM
From: gregor_us	8 Recommendations Read Replies (1) \| Respond to of 71463

Something I've been mulling over is that it's not just we, who are in North America, that need protection against USD debasement. It's pretty much everyone in the world that needs protection. At some point here, also, it's going to be clear which regions/countries are going to say "screw it" and will then halt any effort to chase the USD down the slope. I suppose at those junctures, those particular paper currencies will be treated by markets as being good as gold. One wonders, for example, that Australia has already made such a decision. I was on the phone to someone in Auckland last week, and I found myself saying "If I was in Australia, I wouldn't even bother with gold juniors, or too many equities. I'd just keep earning a salary and banking as many AUD dollars as possible, maybe with a 10-15% exposure to gold bullion." G

To: Tommaso who wrote (24093)	11/10/2009 10:03:24 AM
From: ayn rand	Respond to of 71463

sounds like the right thing to do here until we see what happens this week. i likewise have closed all trading positions. there will be ample opportunities ahead when the smoke clears and we can see more clearly what the short term trends are.

To: Tommaso who wrote (24093)	11/10/2009 2:13:46 PM
From: carranza2	1 Recommendation Read Replies (1) \| Respond to of 71463

You are simply sitting on a throne of worry. A bullish sign. I listened to Lassonde, too. He has been spot on for decades. His historical view is a very lucid one, and I think he is absolutely right that we will see a one-to-one ratio between gold and the Dow at some point within the next few years. I suggest you give yourself the following self-test: If not gold, what? Equities? Cash? Treasuries? It seems that the recent rise in the stock market, dependent as it is on how it is measured, is ultimately an artifact of increased liquidity. But very important, so is the rise of gold. Would you rather own liquidity-bloated shares, with the risk that the bubble may burst, or gold?