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While everyone is yammering about gold, the dollar, just curious... What do you all see here? Correction, or starring down the cliff???
I don't pay much attention to graphs, but right now I don't see anything that will trigger a major sell-off. I think it all depends on Europe, if the situation gets ugly then we should have a repeat of 2009.
You're confusing two different things, the dollar was strong in that period against other currencies...but there was still a positive rate of inflation that was actually higher than the rate over the last decade. So gold rapidly appreciated when inflation was weak (the last decade), but did poorly when there was moderate inflation.
Myths are driving gold and its a bit sad that so many people are vesting their retirement in it...but oh well.
again im not sure of your point.
gold tracks the dollars strength for the most part . with few exceptions we always run positive inflation but if the dollar is holding up fine gold takes a back seat. its still a competitoor to the dollar.
if in low to moderate inflation the dollars holding its value fairly well and getting interest than no reason to turn to gold. the problem is longer term the dollar fails to hold its value so eventually gold runs with the ball again and catches up.
at the end of the day the point is that same ounce of gold still buys a whole lot more then the dollar down the road. always did and more than likely always will. thats why central banks hedge their own money supply using gold and dollars generally.
Last edited by mathjak107; 05-10-2012 at 03:52 AM..
the dollar is strong at the moment by default , the state of the u.s economy is not enough to keep it in good shape , its rally this past eight months is nearly all down to the euro
id be amazed if the euro dies , the usa and china will move heaven and earth to prevent this happening , china especially , they want a counterbalance to the dollar
With china holding billions in our debt they have a vested interest in keeping our dollars and bonds well funded.
We are truely to big to fail on them.
americas reason for wanting the euro to remain is economic , china,s is both economic and political , they (china ) need europe to be strong as they export so much but they dont want the usa too strong and see the euro as a bulwark against it of sorts
I love corrections .... great buying opportunity. Sold AVP last week on the takeover news and made 27% profit. Bought DRYS yesterday and .... guess what ...... AA came out with decent earnings. That should lift the market today and present a selling opportunity.
So, I take it that DRYS purchase pretty well nullified that AVP profit I might buy below $2, but I have been gotten burned by the container industry as well, but won't sell them. There is nothing wrong with the "buying on the dips" strategy, so long as you know all relevant details regarding the reason for the dips. The shipping industry will likely be depressed for many years to come.
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I might buy below $2, but I have been gotten burned by the container industry as well, but won't sell them. There is nothing wrong with the "buying on the dips" strategy, so long as you know all relevant details regarding the reason for the dips. The shipping industry will likely be depressed for many years to come.
