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

To: TobagoJack who wrote (111374)5/8/2010 9:08:11 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 116555
 
Gold does look a tad overbought short-term and could drop a little if the markets rally next week. But yours truly will be looking to buy more on even modest dips.

In the 1970s gold bull the yellow at its peak equalled the Dow Jones Industrials. An equivalent move today means $10, 000 gold. Not predicting this; still would not be surprised to see it within the next few years. But clearly the best part of the gold bull lies ahead even if we do not reach $10,000.



To: TobagoJack who wrote (111374)5/8/2010 9:40:15 PM
From: Jim McMannis  Read Replies (3) | Respond to of 116555
 
RE:"euro, backed by no taxation powers"

Can you explain that?



To: TobagoJack who wrote (111374)5/10/2010 8:28:07 PM
From: Cogito Ergo Sum1 Recommendation  Respond to of 116555
 
euro, backed by no taxation powers, is cracking, will blow,

A salient comment.. wrt US.. comparing California and Ontario.. debt situation is different as we poor Canucks are used to taxes.. OTOH.. we are apparently less prone to implosion in Canada ;o)


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