Zeev's Turnips Patch-No Politics (ZEEV)

[jrintl]

Zeev- You've made your views on the future $ price of gold known, but I don't recall you commenting on the gold carry trade thing-y, and the potential for a squeeze on some of the biggest bullion banks (JPM) above 330. You see this as a myth?

Also, saw an interesting piece on the inverse relationship between US Dollar and gold. Seems most everytime in last 20 years US Dollar made a moderate-to-huge move, price of gold headed in other direction (by a similar degree). Doesn't, eventually, the US Dollar have to get depreciated (trade deficit, etc.)...and if so, doesn't that (with historical evidence) bode well for gold?