TripRockYeti

Gold Speculators Rushing In?

Ok CLH if your calling the 2 times the price touched $300 after 1980 so then the price was 2.5 times its value..as in the $300 being support levels. When you speak of shorting commodities and gold sure..but..how far down the road are we talking a few weeks, months or years.? I see this disinflation as a temporary thing..even if we ignore crude oil for a second(which 'seems' to be pulling most all commodities with it for the time being) what I ask is going to be done to consumer prices when the gov't attempts to do something about the $8.7 TRILLION National debt..as you know..? In case anyone forgot, I thought we at a 27 year high in inflation rate..? As oil falls does anyone think consumer prices will fall as well, I say let the crap on the shelves rot til they do drop in price..

Gold Speculators Rushing In?

That nice spike here in 1980 has little to do with today for those dollars back in those days are very different than those today...
Many experts claim adjusted for inflation/time value Gold should be around $2200 per ounce, I am not holding my breath for that either..
There seems to be alot of funny business going on with the Gold market.. maybe manipulation is a better word..Either way a stable Dollar and Gold will run...(see inflation)

..if it's big n hairy and trips over a rock it could be a Yeti..it falls down too..TripRockYeti (i.e.this is a work in progress)