Gold in tonight's spot market is down about $4.00. That doesn't sound like much, until you take into consideration the S&P's being so sharply off tonight. The case for gold has a lot to do with the collapse of global financial markets. But if it is indeed a deflationary depression that is asserting itself, gold is destined to decrease in value like every other asset class. What are the signs to look for? Gold not appreciating in line with global stocks depreciating, as in tonight's numbers.
A
7 comments:
What are you planning to do? Wait until DOW hits 10000? I think there will be a big spike up, then we will resume to 8700. Party is over.
Dr. B
SDS...
-Mike
Allan,if McCain gets elected we should see a rally,but that is getting more unlikely.
Are you long any equities at this point?
Thanks,Ron Rascati
Ron, I am long QQQQ puts, DGP (gold etf) and NNVC.
>Monday....Great day for DUG.
-Mike
NNVCE.OB is getting killed. I guess we have to play this for a longer term....
-am
am, yes NNVC is falling along with global equities and is one stock that I am adding to at these levels, a gift as fleeting as time itself. Hopefully shorts recommended here are more then making up for NNVC's decline.
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