i too am beginning to wonder about this long awaited gold rally...maybe just as i am waiting for the US$ to fall, maybe it's happened already(Oct-Nov 2007 CAN$)(Mar-Jul 2008 Euro) and maybe the gold rally too, has happened already(Mar 2008)
maybe, when US paper looks bad people will turn their money into wind turbines and solar panels?? Obama has a lot of momentum and optimism with him right now, both in the USA and Europe and i'm beginning to think i underestimated his power to silence all critics(including Republicans).
i'm starting to think that the US$ will stay strong(or as it is), as long as Obama stays strong and popular. As his popularity falls, so will the US$ people have bought into the idea of the gov't bailing out and spending trillions. they have not been able to accept that, most all they have(and we have), is a large part the result of a bubble(the standard of living they have has not been payed for) and now with their backs against the wall, with few options left, will accept any solution offered that will promise to keep the bubble inflated for the near term.
maybe, when US paper looks bad people will turn their money into wind turbines and solar panels?? Obama has a lot of momentum and optimism with him right now, both in the USA and Europe and i'm beginning to think i underestimated his power to silence all critics(including Republicans).
i'm starting to think that the US$ will stay strong(or as it is), as long as Obama stays strong and popular. As his popularity falls, so will the US$ people have bought into the idea of the gov't bailing out and spending trillions. they have not been able to accept that, most all they have(and we have), is a large part the result of a bubble(the standard of living they have has not been payed for) and now with their backs against the wall, with few options left, will accept any solution offered that will promise to keep the bubble inflated for the near term.
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