Dollar value keeps going up as we spend more money and may lower rates further can you say Manipulation. I say keep buying gold on a dip. After this bailout plan passes and saves the foreign investors’ money on bad assests, they will pull there money away from USD and stop with their current dollar manipulation. Not if but instead when that happens USD value will get smashed and gold will rocket up. With the gloabl recession pull back oil and comoddities dont seem like a good hedge right now. Will buy when oil hits mid 80's and hold for a few years
13 comments:
Dollar value keeps going up as we spend more money and may lower rates further can you say Manipulation.
I say keep buying gold on a dip. After this bailout plan passes and saves the foreign investors’ money on bad assests, they will pull there money away from USD and stop with their current dollar manipulation. Not if but instead when that happens USD value will get smashed and gold will rocket up.
With the gloabl recession pull back oil and comoddities dont seem like a good hedge right now. Will buy when oil hits mid 80's and hold for a few years
i think hk might be a good buy at 15 ish
HOW LOWER IS MOS, AGU GOING ?
WOW DOWN 24%
botd,
is this a prime time to purchase some gold stock?
What are some good plays?
I am thinking dgp (I wish they had a company profile so i could see their operations)
any other suggestions?
Also, do you think the market will rally like it did the day after the huge fall?
kev
Kev, DGP is just a gold ETN, not a company.
short DOLLAR. (UDN)
botd,
what does etn mean?
haha
Kevin,
http://www.investopedia.com/terms/e/etn.asp
what are people buying today? the bailout bill seems to have a lot of garbage in it..anyone playing today or sitting on the sidelines?
picked up a few shares of
BRK.A
URBN looks to be meeting its fate
do they have to pass a bill on friday ,
rio 52 week low
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