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grapeman

09/06/08 10:46 PM

#41 RE: Pro-Life #38

I agree, but I think it get hammered for next 2-3 weeks.
But with fan and fred takeover and all the dollars they are going to have to print to take care of that,,, they are going to punish anyone thinking of rotating into gold. Just like the punished anyone thinking of shorting financials, or betting on energy sector.

Example - MDR $10 billion backlog - Zero debt last 60 days went from $60 to $30. XTO, SLB. XTO

This was to hammer oil to boost "strong" dollar. Now that they are gong to be increasing the money supply by trillions,,,well they will hammer anyone thinking that gold is a no brainer.