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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (67206)	10/15/2010 4:08:56 AM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 217620

It is surprising that TJ, after a decade of raving about gold, sold some, then had to hurriedly buy back when he realized he had done wrong. Better than expecting a "bounce" back of US$, it would be wiser to expect a comparable fall of NZ$ as the huge and burgeoning debt-funded spending has to be reduced. We already have quite an economic adjustment going on, which many people simply say is a major recession [certainly in their lives]. A "bounce-back" might be more like the dead cat variety than a revival. US75c = NZ$1 and it should be more like US50c. Or even US40c. It's a much better bet to short NZ$ now than gold. Especially if one already owns gold and is considering swapping it for US$. My master plan is still to be sprung but it will not be good for kleptocratic state run money systems. Not good for gold either as nobody will need gold as money. Mqurice