12-01-2009, 09:40 PM
Yeah, in 1980 it was a "superspike", which many are saying could happen today. The trick would be selling at the peak...
However, this time around it is more a fundamental story than a speculative one. Foreign governements are diversifying into gold in a big way, particularly China, which is the real story. Will they move back into dollars if it strengthens? I'm not so sure. It's obvious to me that even if the fed causes a brief rally in the dollar next year, the long term prognosis for it is down, down, down...
However, this time around it is more a fundamental story than a speculative one. Foreign governements are diversifying into gold in a big way, particularly China, which is the real story. Will they move back into dollars if it strengthens? I'm not so sure. It's obvious to me that even if the fed causes a brief rally in the dollar next year, the long term prognosis for it is down, down, down...
Ex SWG, L2, CoH, Wow, and War
Currently PvPing in the stock market
Currently PvPing in the stock market