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Re: 4Godnwv post# 12422

Friday, 06/12/2009 1:24:59 PM

Friday, June 12, 2009 1:24:59 PM

Post# of 45501
Because EVERYONE is bearish the dollar.Sentiment towards the dollar is screaming "too bearish" but no one hears it yet.Fundamentals look like they are ulra bullish for gold but gold is acting tired.Oil is way ahead of any signs of real demand.Stocks are pricing in a global boom but that boom may not appear.I am basing my opinion mostly on my assesment of the emotion of the markets.I am pretty good at feeling trend changes and I am not too concerned with getting it perfect or missing the final 5-10 percent of a majot top or bottom.As you should know fundamentals can be ignored by markets for years.So cling to gold if you must but be aware of the potential downside and the risks to your portfolio.Believe me when I tell you I am aware of all the facts you are sharing.More often than not the markets just don't care.So why might the dollar go up up up.It could be it's still the best of the bad.Why buy the Euro or then Yen at this time?To me they look like troubled economies with difficult social and political issues.Gold is still a small market and pays no interest and has little appeal to large investors.The Obama factor cannot be ignored as he is seen as a breath of fresh air by many nations and consider the hope America represents by those who fear global warming.Money may pour into Amercan investments hoping we will lead the way in a geen revolution.The dollar has much bullish potential.In time it may not live up to expectations but that could be years away.I hope some of this makes sense to you.
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