Replies to post #143262 on Zeev's Turnips Patch-No Politics (ZEEV)

[Sherlock356]

Great post Zeev..I had missed that one...I agree completely. And the next recession I believe will have its roots in the decline in value of residential real estate. Many folks will be upside down on their mortgages imo. I just dont see any reason for gold to really take off.

[TJ Parker]

a strong dollar is negative for gold

although this is not yet showing itself. interesting article from cramer's rag (thestreet.com):

http://www.thestreet.com/_tscfoc/markets/rebeccabyrne/10109169.html

Analysts also note that demand for gold continues to be strong, particularly in India, where jewelry makers have been stepping up their gold purchases.

Merrill Lynch, which is looking for bullion to rise to $370 an ounce by October, also noted that demand in China is likely to increase from both the public and private sectors.

"Continued gold market reform is expected to enhance China's gold demand," the firm said in a recent report. Merrill and Goldman Sachs now recommend a 5% weighting of gold in client's holdings.