R. Scott Raynovich

New Trends for 2009: Are Commodities and Gold Regaining Strength?

duly observed. I meant to say 2H 1008. I guess March was so far back I forgot about it

In calendar terms, it was only about 10 months ago. In financial era, it was a long while ago...


On Jan 27 10:48 AM silverwood wrote:

> Scott, I mostly agree with your article. You need to correct this
> statement...
>
> "I believe the only reason that gold has not made new highs in 2008
> in U.S. Dollar terms is because of the artificial flight-to-quality
> into the US Dollar, which is most likely a short-term phenomenon."
>
>
> Gold made new highs in March 08.
>
> With the new administration coming in, and their commitment to do
> something to fix the current crisis, it will be their actions which
> will drive the gold market to new highs. These people now in charge
> are following the Keynesian school of thought. One principle of that
> school of thought that will be played out in 09 is; when the consumer
> stops spending the government must step in and be the spender of
> last resort. The economic ground is now furtile for this to occur.
> People are crying out for the government to DO SOMETHING! and spend
> they will. Monetative easing to the rescue in full force as foreign
> lenders will be harder to come by. Gold is beginning to look forward
> to these events, in the face of all the deflationary talk.