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gimmeMYcash

08/12/12 3:29 PM

#2243 RE: Nebuchadnezzar #2238

Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. Conservatively. Franklin Sanders
Massive inflation will come when the dollar loses "petro dollar status", and a lot of those dollars come home. America faces twenty trillion in debt by 2016 if Obamacare takes effect and no other austerity measures are taken. The current administration/congress want MORE spending, so I don't see austerity in the near future. Fundamentals are strong, and physical markets are pretty strong world wide.
Confidence in the dollar will deteriorate as the Fed continues it's QE1,2,3,4, etc. Our fiat currency is inflate or die. Gold should see many more higher highs. The gold bull market started in 2001. Bull markets last 16-20 years. The final wave in this current bull will be MUCH higher than $1900 IMO.
I do respect your opinion and hope your right despite my investments in gold. I do not wish to see anymore economic uncertainty, but feel it is inevadable given our current situation. Good luck to all!