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FinancialAdvisor

04/09/08 3:09 PM

#24976 RE: DonsHub #24974

I can't say I agree with all that he says. Especially $GOLD being normal at 100-200 dollars an ounce or $ILVER at 3-7 dollars. I think those days in terms of Federal Reserve Notes are far long gone. And besides, $GOLD hasn't been 100-200 dollars since I've been alive, so I don't know how that can be "normal" especially with the printing presses going at full tilt contributing to 20%+++ inflation a year.

I liked the article because he made good points and was right when all this went down. Meanwhile establishment media like "Time" magazine had a cartoon character "middle-class" guy hugging his house at the peak. I respect people who think independently.

Who knows, he might be right to an extent on the $GOLD & $ILVER. My theory is that $GOLD & $ILVER will far outperform Federal Reserve Notes in terms of purchasing power. Just look at $GOLD or $ILVER vs. purchasing oil or gasoline since 2001 and the answer is very clear, you'd rather be buying that energy with metal$ and not bankrupted fiat.

bob3

04/09/08 3:19 PM

#24977 RE: DonsHub #24974

Louise Yamada: Dated 3/04/08


Fast Money Video

http://www.cnbc.com/id/15840232?video=671700945&play=1

Run time 4min, give it time to load see her projections:

SPX 1200 .. Looks like it may go out of the bottom side of "The Triangle" .. because of the Lower Highs and Rally Selling.

USD 62.00 ..

GOLD .. Looks like in the Bag 1050 then consolidation possible B4 Next Legs Up.
1150 Target

Longer term 1250 1500 2400

Oil 124