Re: The Dow yesterday
in response to
by
posted on
Oct 14, 2008 04:29AM
thx Barz ... did have a very nice weekend ...
I tend to believe ... this will be a nice bear rally perhaps before the final drop ... nonethless it may also be the start of stabilization. I will treat this as a buy opportunity but only for stocks like this which I do not mind holding over the long term should the rally fizzle quickly.
If it is the beginning of stabilization ... it will also be the beginning of inflation and the general move to gold as a sensible investement tool in a properly diversified portfolio, where it has been shunned for years.
This alone will bring the price up over th 1000 mark which makes our company highly profitable.
I still believe the worst has not yet happened and that the coordinated defence to bolster the US dollar which is in everyone's interest in the short term will not ultimately succeed .... bringing higher values to gold.
The ultimate for us gold bugs is a controlled movement away from the US $ to gold. The US will never agree to this so I can not see it happening in a controlled way so I do beleive the market will go to 4000ish or less ... Still hoping to be wrong.
Orgy