Against Aphobus

Looking at the Market Through Slightly Bullish Lenses

Gold may very well hit 600. I'm still loaded up and will buy more at that level.

The easiest way to make house prices, the market and the economy appear to be stronger is to inflate the dollar. Even if it fails to work in the longer term, it seems to be the government's chosen solution.

While not a rabid gold bug, gold's price seems to be manipulated as I've been buying it near spot and selling it at 45% profit on Ebay--often reserving my replenishment the same day from the mines. I also can't see central banks taking on any massive program of selling when they don't even trust each other enough to lend money. Gold (and silver) have not just made me about 65% in two years, they also serve as a nice insurance policy in case things get really bad.

Our society, and especially our politicians can very dependably be assumed to take the easiest and most expedient way out of a problem. Right now that looks to be throwing money at every problem.

Stocks should rise like everything else due to the watering-down of currencies, but gold still looks pretty good to me.


On Jan 02 01:20 PM 1977°C wrote:

> Gold 600 in a blink of an eye.