CaptBob

Sell Gold in May and Go Away?

It's true that gold may just "loose it's luster" but I'd like a little loss of support to cement the deal. Whats likely to happen to the fundamentals??
1. The dollar will strengthen?? Fewer dollars, higher interest, robust economic turnaround, less debt??? All doubtful.

2. Oil will depreciate?? The most likely reason for this is lower demand in the private transport sector caused by some Country's lowering subsidies, pricing down demands. Drilling and large finds not likely to exceed dwindling supplies. Our stocks are not being drawn down by $4 gas, where is the denial point?? Chinese and Indian demand is like that of gold, every price drop produces more physical buyers.

3. Higher production levels at the mines?? Recent history show this to be unlikely.

4. The trillions find a more attractive yield in a safer vehicle to switch into?? All of history says NO, and if they don't like real estate at these prices--I can't think of one!.

Scuse me: My crystal ball is clouding up, guess I'll take gold for the long ride.