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JTJ

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Alias Born 10/13/2008

JTJ

Re: cdhames post# 2321

Friday, 10/24/2008 8:24:05 PM

Friday, October 24, 2008 8:24:05 PM

Post# of 7752
To CDHAMES

I believe the core reason gold is declining and the dollar is rising is Hedge Fund deleveraging. Redemptions are forcing them to sell anything they can sell to raise dollars to satisfy redemptions. And they were big players in Precious Metals & Commodities as well as the Currency Carry Trade (Unwinding of those is why the Yen is soaring). While I believe gold is an awesome long term play due to the coming hyper-inflation, I will wait until Gold (& gold stocks) go into uptrends to get involved. I certainly won't catch the very bottom, but if inflation EXPLODES like I believe it will, I will do very well indeed.

Good luck to you my friend.

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