PocketJJ

Is This the Gold Buying Opportunity of a Lifetime?

What makes you so sure that Lehman settlement signals the end of the deleveraging? The TARP, government capital infusion are just band-ads for the banks to stop the bleeding. The government would like them to use this opportunity to shore up other failing banks, and spend that free cash, but all that money is being used to pad against future losses. I am afriad we are only seeing the tip of the iceberg, big hedge funds like citadel will follow suit too. Their 30% drop in September sure doesn't look good, you can forget about October's return if they kept on selling those out of the money puts. As long as dollar is being demanded, it will remain strong, and as long as the dollar is strong, all other assets priced in dollar will be weak. I am not questioning the level of gold prices 10 years from now, I am questioning the price of gold at today's level.