scotty1560

Gold: The Only Remaining Bubble?

I like Alan's thoughts about shorting the dow..
still think we see 3500-4000 dow before this cycle is over...
by the way Alan's comments are always welcome..
whether one agrees or disagrees.. all informed opinions count.

trend is your friend.. gold is still bullish
not suggesting to buy at these levels..
still, why sell.. we are witnessing history here..
who knows where this trail leads us.. scary times
it can't hurt to have some gold as insurance.. physical gold..
gold could get to a 2-1 dow ratio, $1800-$2000..
could also crash to $600.. I'm sitting tight.. for the moment.

Nine Ways to Profit in 2009

If oil is to hang in the $20 range, then best to keep in cash..

That represents serious economic issues for the globe and we are
headed depression scenario imo.

If you are correct then are best option is join a commune...and
certainly forget about global equities, including China...forget
gold to...invest in farm equipment..

Oil bounced pretty hard at $35, production is being cut, people are
driving again- hard to see that scenario as summer gets closer..
the longer it stays low...the more we pay in 2-3 years imo..

As Good as Gold?

I own physical gold, own some residential real estate, own some oil (USO),
and some REO funds.

It makes me a little nervous when I hear how great gold
or any asset is- 3 years ago real estate couldn't fail because of the
growth rate? 12 months ago oil couldn't fail because of peak oil?
10 years ago tech stocks couldn't fail? Tbills? US dollar? gold?

This time it's gold because of currency collapse and hedge value?
I look at a six year chart of gold and it makes me a little nervous-
looks like any other asset that's moved a long way- I look at the
price per barrel of oil at 20x25 times a barrel, that scares me.
If oil can collapse 75-80%, what would make any asset bullet proof.

I have no idea if the US dollar is long term bearish or bullish-
lots of good arguments either way you play it. It does seem the
world is in a full blown contraction with inflation no where in sight
for a long time- so assets including gold will contract. Terrorism
or war could change that quickly. I wouldn't count on a currency
collapse or weak dollar.

Peter Schiff , Marc Faber, Jim Rogers, etc- all make sense and
are smart fellows. I am a fan of these guys and Ron Paul's
and G Edward Griffin's "Fed Reserve" abolishment.
Some have big positions in gold and rightfully are "cheer leaders" -
what else can they be. I for one have been burned way to many times
to count on any theory- my freinds that bought gold circa 1980
remind me of this all the time- nothing is a sure thing right now.

If one plans a 10-15 year hold than you will be rewarded on about any
play, otherwise best to watch from the sidelines.Mr Market will gladly take your money right now- best to be ultra cautious.