CTMike

The Case Against Gold

Unfortunately, Louise, no matter how smat he has been in the past, has never run into this situation in the past. Tell me please, when was the last time we had a deficite of 2+ Trillion dollars and climbing. If the market is so smart and projects into the future, then why isn't gold already at $3500? Something is going on that Louise doesn't understand unless he forsees the DOW at 2000 in the near term - or maybe the DOW at 1000 and gold at $500?


On Mar 04 12:15 PM freddyv wrote:

> "Historically gold has been a place to hide when the dollar is weak."
>
>
> You miss the point: ALL currencies are weak and so gold will be the
> true, "currency of last resort."
>
> Louise Yamada pointed out that gold is likely to come into a 1:1
> to 1:2 ratio of the Dow within the next few years and that makes
> a lot of sense.
>
> If you don't know who Louise Yamada is I suggest you Google her because
> she is probably the single best analyst on Wall Street today. She
> is no spring chicken and understands how to use technical analysis
> in combination with all sorts of other data.