Well the way I see it, if the stock market sells off because of a lower bond auction and higher rates, then the country is going to have a real problem. The U.S. Can't afford higher rates so its one of two choices. The first is a devaluation of the dollar [remember Argentina] or a depression. I see inflate or die. That being the case gold will rise regardless of any event.
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The truth can only be hidden for so long. The short position on silver is huge. I see a breakout which will boggle the mind. Remember back in 1980 when gold hit 840 silver hit 50. I know that the Hunt brothers cornered the market back then, but lets be conservative and I see 25$ silver.
There has always been and will be bubbles in the markets. eg. tulips, energy, .coms etc. Now its gold and silvers turn. Just watch the rise in slv to 25 and gld to 150
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On Sep 19 12:41 AM Wisdom vs. Information wrote:
> people sold the dollar to buy equities; equities are getting over-priced,
> soon people will be selling them-- and buying the dollar. yawn
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