good article Russia is doubling their money supply every 1.64 yrs;India every 3.57 yrs.China every 4.22 yrs,and the US every 4.23 yrs.....with many other countries in the 5 to 6 yr doubling of currencies in circulation. One would normally think all of this is a perfect environment for gold and inflation,but so far it's been good for gold ,but not necessarily for inflation.........I'm of the belief that the dollar and gold will correct for a short while and then run up together,with the dollar hitting the .95 area and gold finally breaking the 1000 buck neckline and heading for 1300.....as for oil my thoughts are we are headed to 63 then 56 and lower.
Oil is currently testing it's broken up-trend line at 71.usually it will touch the line and consolidate for a while.this consolidation could mean a 10% drop over the next few months,after this consolidation I would look to go long oil again. as the next tgt is around 80.
Long Dollar, Short Oil, Hold Gold? [View article]
Russia is doubling their money supply every 1.64 yrs;India every 3.57 yrs.China every 4.22 yrs,and the US every 4.23 yrs.....with many other countries in the 5 to 6 yr doubling of currencies in circulation.
One would normally think all of this is a perfect environment for gold and inflation,but so far it's been good for gold ,but not necessarily for inflation.........I'm of the belief that the dollar and gold will correct for a short while and then run up together,with the dollar hitting the .95 area and gold finally breaking the 1000 buck neckline and heading for 1300.....as for oil my thoughts are we are headed to 63 then 56 and lower.
Best Investments for Rising Oil [View article]