I don t think this market is cheap. Look at the p/e ratio, they have no earning or negative earnings. I will wait for a big drop scenario. Too much Quatintative Easing is distroying dollar value.
Rising base metals means that China is buying metals instead of US treasuries. USA economy is falling down, TARP is Bailing Out insurance companies, like HIG. etc.
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China may buy us treasuries, euro, gold, base metals, farming, etc. China will diversify investment portfolio, they are very good at business. Tough to negotiate with them. What they don t want is to buy tech products. They will make their own.
Mr. Hui: One question, how do you reconcile Gold's move above $1000 with its inability to move above that level when OIL was approaching $150. (hedge fund, speculators, TTP, WS greed etc)
And the inability to move down 800 when oil is approaching 35 dollars.
Gold will rise as other currencies must fail in the same direction as the US dollar (trillion of dollars dumped) . When people will doubt about fiat currency. Eventually Gold is money.
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Gold is money
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And the inability to move down 800 when oil is approaching 35 dollars.
Gold will rise as other currencies must fail in the same direction as the US dollar (trillion of dollars dumped) . When people will doubt about fiat currency. Eventually Gold is money.
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