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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 (92406)	7/11/2012 1:22:58 PM
From: carranza2	1 Recommendation Respond to of 217645

Was not aware that Rogers had same view. I'd like to see Faber's reasoning. Gold may well have bottomed, but the USD is likely to go up and gold must go up in terms of USD, which I think is unlikely. The US dollar is not the currency in which to hold paper gold at the moment, IMO. Annaly is definitely something to consider. This is setting up as a replay of 2008, except with European banks and sovereigns playing the subprime role.

To: Cogito Ergo Sum who wrote (92406)	7/11/2012 2:47:06 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 217645

I'm looking at the USD (UUP) making new short-term highs, and setting up a channel for even higher gains.. Here's the DXY 5 year chart: bigcharts.marketwatch.com Then the UUP 5 year chart. bigcharts.marketwatch.com And then I'm comparing it to the 5 year GLD chart. bigcharts.marketwatch.com There is a strong chance that the DXY may hit 90 in coming months. Which means that we have to watch the price of GLD for any buying opportunity. Hawk