I think fear is the order of the day and will remain so for a while. Hence the desire for gold. Uncle Ben’s monetization is not helping the US$. But credit destruction seems far greater than money creation.
Here’s an analysis by someone with a strong track record: http://www.321gold.com/editorials/hoye/hoye031609.pdf
Give it a careful read. The logic is good. Relative strength is what matters. Sure gold can correct and probably will, but profitability will remain strong for miners. A high demand product with a very good profit margin. Sounds like a solid business concept in a highly confused world.
