Re: FSN Barbera Interview
in response to
by
posted on
Mar 15, 2008 08:56AM
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I was just listening to that segment too. Barbera seems to see next week as a key "fork" in the road where the coming Fed cut could take us past the point of no return for the dollar. Peter Schiff was just on Cavuto also predicting a possible key economical inflection point from a technical point of view for Monday.... next week should be interesting.
http://europac.net/Schiff-FBN-3-14-08_lg.asp
But what I took heart in on the Barbera segment was Jim Puplava's comment that he was seeing unprecedented cash positions being built-up. Same for the demand for treasuries, I assume this is people/institutions getting out of the market looking for safety. As the dollar continues its decline, I have to think at least some of this money will start making its way into gold, gold majors, and juniors (including Tyhee).