Real Estate Bubble

[roguedolphin]

yielddude.....I'm looking for weakness in Gold the next few months. I think we may see $400 and if that level is not supported pricewise, we could see a push to $375 or so. Although it's possible it may just "wallow" around the current level and just act "sleepy" for a while too.

I'm not sure we WILL have a correction to that degree($400-$375) pricewise but it wouldn't surprise me. I don't think the selloff will breach $375 or so. If the "selloff" happens I would consider Gold an EXCELLENT low-risk speculative BUY.

We could then see a major move up in gold the next few years...... as I also forecast an intermediate term top in the US dollar(US Dollar Index 92.50 double top?) sometime this year before the US dollar selling continues in force once again.

The Chinese currency re-valuation against the US dollar is a wildcard that must be kept in mind. Even if it doesn't happen.....we may see tarriffs on Chinese goods. Not good at all either way for "inflation" if we are honest about it.

How will the Fed deal with the possible inflation??? We know what Paul Volkler did...15% long-term rates and 23% short rates). It's entirely "different" now of course....we're a debtor nation instead of a crediter nation as we were back then.

I'm sure the Real Estate market surely will be affected by all this.....any guesses?????

Rogue