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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: TH who wrote (106685)12/13/2009 8:27:50 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 110194
 
>>Gold will get wacked up and down, but up is where it is going.<<

i agree completely. but i don't think gold is immune to the deleveraging that i think will occur in Q1. schiff disagrees and says everyone will run to gold instead of treasuries. some will, but i think schiff's view of most folks' financial intellect is a bit on the high side.

as santelli said on air when debating schiff, "you'd be surprised how many times people will do stupid things." -lol-

long term, though, gold is a winner as the dollar is a terrible loser. no doubt in my mind.

the charts seem to indicate a bottom for gld and slv. i'll be watching closely and may jump some miners.