Originally Posted by aristoentertainment
I doubt that a fall in the US$ will soon come. I was to believe the same a while ago and made some money on gold and lost some money. I sat back and then realized we already lowered all rates as much as we are going to. The only way for it to head is back up once inflation starts picking up. With that being said other countries are just now starting to lower their rates which is going to lower their currency value. So when that happens people will come running back to the US$ which has been happening and commodity prices will continue to decline that has been happening. Thats why i see oil at 45 a barrel by JAN. Gold will be the movement only when the dollar starts to lose ground
I have to agree with the points you make man.. GOLD has shown NO strength at all in the last couple months in a time of great financial uncertainty and huge market volatality.. NORMALLY times when gold rises dramatically in price. Therefore IMO there is no reason to believe there will be any changes in this for the foreseeable future. I am a gold bear
Mouser I hope you are right for the sake of all Canadians (BRIC growth) but i just cannot see much of any super-bullish signs from BRIC nations. Russia is in a crisis, China is arguably a bubble and Brazil has been weakened in part by the commodity crash too. Like I say I wish this magical BRIC could save Canada by devouring resources like no tomorrow but it just doesnt appear like that is the case..