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Re: J-Rhino post# 7925

Wednesday, 12/17/2008 2:41:37 PM

Wednesday, December 17, 2008 2:41:37 PM

Post# of 83127
Agreed I will even take your post a step further and predict a nickel will be sometime in Feb or March.

Now for a macroeconomic prediction we are going to have a whiplash in inflation pressure starting probably in the summer of 09. The gold market starting to take off and dollar dropping is foreshadowing this pressure. If you pay attention to the way gold trades you will notice if there is a spike in buying interest it quickly dissipates and breaks through previous levels of support. Where as if there was healthy amount of buying interest it would spike go a little lower and trade sideways with a good amount of volume and make another run up in a later period of time, 15 to 45 minutes. The reason why gold isn't preforming relatively well to the recent dollar move is because we are in a deflationary cycle and until that stops we wont get to a substantial amount in POG.

There is consequences to printing money like it is going out of style, just like there is consequences of leveraging your portfolio 40 times. This will unfold and we will break through the current lows, in the equity market, violently when it takes place and the stagflation stage will begin(high inflation with negative growth it is the worst kind of market to be in). Gold prices up to this event will behave in a slower manor maybe get to 1150-1250 before the summer. When the inflation pressure really starts taking off unemployment may spike to 13-18% and gold will be at 2000+ easy shortly after. This maybe considered a depression or they may just use the R word for panic purposes because there really is not a technical definition for a depression.

Now before you call schnanigans just keep in mind I didn't get this from anyone it is all under my own DD. No one is saying this on cnbc or anything like that so you remember this post and when it comes to the summer time you'll say to yourself that kavitz kid really knows what he is talking about.

GLTA and work on your job security because the job market is going to get worse and worse.

"More is lost in indecision, than wrong decision"