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

To: ayn rand who wrote (24851)	11/25/2009 12:05:17 PM
From: Real Man	Read Replies (1) \| Respond to of 71425

We'll just have to be Fed watching, as always in these markets. I don't think gold is going to 12K overnight or even next year. One good metric is DOW/gold ratio. It says rotate in low single digits. Fed policies can sure do stuff to gold if they get serious about it - get the real rates positive, stop printing and stuff. They mentioned how they "plan" to "drain". The problem is credibility of such a statement, which amounts to empty talk. They never ever had real rates positive during this decade. On the other hand, if they decide to go on a permanent printing rampage, then 12K will not be enough. It is just not clear, and much depends on the policies the government decides to pursue in the future. The past so far ensures higher gold prices -g-