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

To: TobagoJack who wrote (74574)	5/27/2011 12:28:36 AM
From: carranza2	Read Replies (3) \| Respond to of 219911

Lots of portentous info out there: copper way down...10 year rate plummeting...trouble in Eurozone...oil tanker rates down...China tightening...QE2 ending...oil high...SGS predicting a substantial negative revision in GDP...housing still in dumps, no recovery there...unemployment still high...Japan too quiet about Fukushima. Well, at least Osama is sleeping with the fishes. Toil and trouble, bubble, bubble, to quote wazzis name. My take is that though we are not near criticality yet, we are getting there. When it happens, the USD carry trade will unwind to some degree or other, and USD will likely go higher, to Bernanke's (and gold's) chagrin. Thus, gold might suffer, too, just like it did in '08. But that's OK for when investors shake off their fear, they'll see US rates at rock bottom, even perhaps lower than now, and then gold will go higher. Gold will in all probability get to 1600 this year but is going to have a heck of a battle in that range. Note that gold has been winning these battles at the pivots, including the critical one at 1100, but that the toll has been high. It seems that it takes longer for it to re-group and go to the next level. A bit of fatigue seems to be in play. Might be time to cash in a bit, buy lower later if, as I think, we may have a replay of '08, i.e., DUGD, as you might put it, though definitely only on a temporary basis. We might have seen a bit of what's coming a few weeks ago, but on a smaller scale, when gold went to 1570, then plummeted down. comments appreciated.