Major correction?
#1
Posted 26 December 2006 - 06:37 PM
A sea of liquidity that floats all boats, annual rate of change is starting to go parabolic. I would think many assets would rise. I think that gold is going to explode somewhere on this voyage :
#2
Posted 26 December 2006 - 06:47 PM
that dog don't hunt, no more, copper broke below 55weekMA and below june low, gold is next..imvho,fwiw,blahblah etxI think that gold is going to explode somewhere on this voyage :
#3
Posted 26 December 2006 - 07:20 PM
that dog don't hunt, no more, copper broke below 55weekMA and below june low, gold is next..imvho,fwiw,blahblah etxI think that gold is going to explode somewhere on this voyage :
What would you rather have: a wheelbarrow full of IOU's or something tangible or at least representing value (stocks) ?
#4
Posted 26 December 2006 - 07:30 PM
that dog don't hunt, no more, copper broke below 55weekMA and below june low, gold is next..imvho,fwiw,blahblah etxI think that gold is going to explode somewhere on this voyage :
What would you rather have: a wheelbarrow full of IOU's or something tangible or at least representing value (stocks) ?
i think i misread your timeframe, longer term your absolutely correct, gold 2K and higher, short term not so good.
#5
Posted 26 December 2006 - 07:59 PM
#6
Posted 26 December 2006 - 10:56 PM
#7
Posted 27 December 2006 - 12:20 AM
Gold will be lucky to keep up with inflation in the future.
Lol, that's funny..are you a FED govenor by any chance?
#8
Posted 27 December 2006 - 02:04 AM
- Graffitti
#9
Posted 27 December 2006 - 03:37 AM
I can't help but notice at the blog "Ticker Sense" that 74% are bullish on gold in 2007. That looks like a good fade to me....
a prediction, gold prices will fluctuate...go with the price.
#10
Posted 27 December 2006 - 10:12 AM
Gold is at a miniscule fraction of its record price in the 70's,
when inflation is taken into account.
Gold has only minor use in industrial applications. Mainly for
corrosion resistent joints in electronic applications. Even in
ancient and populous countries such as China and India gold
is no longer the magnet it once was. The modern women do
not adorn themselves in layers of gold jewelry anymore. And
as the technology based wealth is exploding in those countries,
gold is losing its value as a safe haven of wealth.
OTOH copper is a major industrial commodity. It is used
extensively for wires and cables, water pipes, and as an
alloying element.
Gold will be lucky to keep up with inflation in the future.
Power is migrating from west to east. and a vehicle of choice is clearly some element gold. I have read a great book on this calle "tunnel through the air" about the period of economic prosperity in the us and how all the gold moved there from europe.
just one point of view.
The future is 90% present and 10% vision.