Wednesday, November 19, 2008 4:00:47 PM
Edit Note: changed chart to reflect end of day activity in equity markets(previous chart was at 3:32 EST)
Also the dollar looks like it is making a top, pay close attention to gold prices I have a high level a certainty that were going to start seeing an upswing in gold prices.
I think gold has a small chance of hitting 1000 by year end but a large chance of hitting 1000 in january and maybe 1500 in July. I think that prediction of 2-3 year horizon is way off. By 2010, at the latest July 2010, we should be into recovery mode in the equity markets and gold wont be such a hot trade. But I guess we will see who is right.
"More is lost in indecision, than wrong decision"
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