The end is nigh and The Greatest Depression is closing in with millions of ferocious, unemployed, disillusioned and helplessly starving infected people erratically walking an unforgiving earth for years to come. Truth to be told we´re heading for a financial apocalypse because you, the people, believe in any tall tale The Powers That Be cables out. All we can do now is to wait for the fattest lady in history to sing the highest note ever heard...
Tuesday, October 6, 2009
Gold is so shiny
Gold futures in New York were trading at nearly $1,043 an ounce at about 8:15 a.m. PDT, up from $1,016 on Monday and topping the previous peak of $1,033.90 set in March 2008.
I can give you a better estimate in half a year when we know if there is more stimulus. If I haft to say something now, I would guess somewhere during the winter of 2011/2012. The US stock market will crash and the gold price will continue up, that is the only thing you can be sure of right now. If the real crashes happen during next year, as I believe, we will see it sooner. But a conservative prediction I would aim for 2 years into the future.
Dow / Gold = 1 or perhaps 0,5
ReplyDeleteWhen 2012-14?
I can give you a better estimate in half a year when we know if there is more stimulus. If I haft to say something now, I would guess somewhere during the winter of 2011/2012. The US stock market will crash and the gold price will continue up, that is the only thing you can be sure of right now. If the real crashes happen during next year, as I believe, we will see it sooner. But a conservative prediction I would aim for 2 years into the future.
ReplyDeleteThat anonymous was me, but you probably got that. :))
ReplyDelete