gold up 1.5% overnight in Asia

[Nor-LA-SD-guy]

Old shut mines will probably restart and can turn profit with less yield, new mines in new places with less yield now turn profit, new prospectors etc…

New mine speculative development money coming on line etc…

This was meant for possible Job creation if Gold does get to 3K per OZ,

Personally I don’t need gold myself and cannot imagine that it will ever become important to me unless there was a Job involved.

[sdduuuude]

Tell me if this sounds crazy.

I’m expecting some badness next year in the stock market, maybe as late as Fall 2010, as we head back into recession.

In 2008, as the market tanked, gold came down hard with the market for a while, but recovered early. With the pain of the market dropping, margin calls and such, supposedly people were selling gold to cover losses in other areas.

I think the same will happen in late 2010. Gold will plod along until then, drop with the next negative stock market event, creating a buying opportunity, then continue upward.

I wouldn’t say it is in a bubble, but I’m not sure it is going to continue steadily upward for much longer.

This is a SWAG, not a researched opinion.

[sdduuuude]

Tell me if this sounds crazy.

I’m expecting some badness next year in the stock market, maybe as late as Fall 2010, as we head back into recession.

In 2008, as the market tanked, gold came down hard with the market for a while, but recovered early. With the pain of the market dropping, margin calls and such, supposedly people were selling gold to cover losses in other areas.

I think the same will happen in late 2010. Gold will plod along until then, drop with the next negative stock market event, creating a buying opportunity, then continue upward.

I wouldn’t say it is in a bubble, but I’m not sure it is going to continue steadily upward for much longer.

This is a SWAG, not a researched opinion.

[sdduuuude]

Tell me if this sounds crazy.

I’m expecting some badness next year in the stock market, maybe as late as Fall 2010, as we head back into recession.

In 2008, as the market tanked, gold came down hard with the market for a while, but recovered early. With the pain of the market dropping, margin calls and such, supposedly people were selling gold to cover losses in other areas.

I think the same will happen in late 2010. Gold will plod along until then, drop with the next negative stock market event, creating a buying opportunity, then continue upward.

I wouldn’t say it is in a bubble, but I’m not sure it is going to continue steadily upward for much longer.

This is a SWAG, not a researched opinion.

[sdduuuude]

Tell me if this sounds crazy.

I’m expecting some badness next year in the stock market, maybe as late as Fall 2010, as we head back into recession.

In 2008, as the market tanked, gold came down hard with the market for a while, but recovered early. With the pain of the market dropping, margin calls and such, supposedly people were selling gold to cover losses in other areas.

I think the same will happen in late 2010. Gold will plod along until then, drop with the next negative stock market event, creating a buying opportunity, then continue upward.

I wouldn’t say it is in a bubble, but I’m not sure it is going to continue steadily upward for much longer.

This is a SWAG, not a researched opinion.

[sdduuuude]

Tell me if this sounds crazy.

I’m expecting some badness next year in the stock market, maybe as late as Fall 2010, as we head back into recession.

In 2008, as the market tanked, gold came down hard with the market for a while, but recovered early. With the pain of the market dropping, margin calls and such, supposedly people were selling gold to cover losses in other areas.

I think the same will happen in late 2010. Gold will plod along until then, drop with the next negative stock market event, creating a buying opportunity, then continue upward.

I wouldn’t say it is in a bubble, but I’m not sure it is going to continue steadily upward for much longer.

This is a SWAG, not a researched opinion.

[scaredyclassic]

sounds crazy.

ok, not crazy, but gold and the stock market don’t necessarily correlate. the correlation camp probably says, well, there’s all this money floating around that has to land somehwre, and when losses amount from leverage, people sell whatever they can to pay the losses.

true enough. if it’s people that do the buying.

but if this is a seismic shift, if governments are going to be sucking up huge amounts, if big funds are going to step in and try to preserve assets with a gold-not-stocks theory, then there is no reaosn gold canot decouple from stocks.

gold is as valuable as you beleive fiat money to be worth less. i’d say it’s a good bet over the next 3-5 years. and impossible to time.

stocks are limited in some sense by earnings. IMHO maybe not sucha good bet over the next 3-5 years.

deflation will kill stocks, but not necessarily gold…

[scaredyclassic]

sounds crazy.

ok, not crazy, but gold and the stock market don’t necessarily correlate. the correlation camp probably says, well, there’s all this money floating around that has to land somehwre, and when losses amount from leverage, people sell whatever they can to pay the losses.

true enough. if it’s people that do the buying.

but if this is a seismic shift, if governments are going to be sucking up huge amounts, if big funds are going to step in and try to preserve assets with a gold-not-stocks theory, then there is no reaosn gold canot decouple from stocks.

gold is as valuable as you beleive fiat money to be worth less. i’d say it’s a good bet over the next 3-5 years. and impossible to time.

stocks are limited in some sense by earnings. IMHO maybe not sucha good bet over the next 3-5 years.

deflation will kill stocks, but not necessarily gold…

[scaredyclassic]

sounds crazy.

ok, not crazy, but gold and the stock market don’t necessarily correlate. the correlation camp probably says, well, there’s all this money floating around that has to land somehwre, and when losses amount from leverage, people sell whatever they can to pay the losses.

true enough. if it’s people that do the buying.

but if this is a seismic shift, if governments are going to be sucking up huge amounts, if big funds are going to step in and try to preserve assets with a gold-not-stocks theory, then there is no reaosn gold canot decouple from stocks.

gold is as valuable as you beleive fiat money to be worth less. i’d say it’s a good bet over the next 3-5 years. and impossible to time.

stocks are limited in some sense by earnings. IMHO maybe not sucha good bet over the next 3-5 years.

deflation will kill stocks, but not necessarily gold…

[scaredyclassic]

sounds crazy.

ok, not crazy, but gold and the stock market don’t necessarily correlate. the correlation camp probably says, well, there’s all this money floating around that has to land somehwre, and when losses amount from leverage, people sell whatever they can to pay the losses.

true enough. if it’s people that do the buying.

but if this is a seismic shift, if governments are going to be sucking up huge amounts, if big funds are going to step in and try to preserve assets with a gold-not-stocks theory, then there is no reaosn gold canot decouple from stocks.

gold is as valuable as you beleive fiat money to be worth less. i’d say it’s a good bet over the next 3-5 years. and impossible to time.

stocks are limited in some sense by earnings. IMHO maybe not sucha good bet over the next 3-5 years.

deflation will kill stocks, but not necessarily gold…

[scaredyclassic]

sounds crazy.

ok, not crazy, but gold and the stock market don’t necessarily correlate. the correlation camp probably says, well, there’s all this money floating around that has to land somehwre, and when losses amount from leverage, people sell whatever they can to pay the losses.

true enough. if it’s people that do the buying.

but if this is a seismic shift, if governments are going to be sucking up huge amounts, if big funds are going to step in and try to preserve assets with a gold-not-stocks theory, then there is no reaosn gold canot decouple from stocks.

gold is as valuable as you beleive fiat money to be worth less. i’d say it’s a good bet over the next 3-5 years. and impossible to time.

stocks are limited in some sense by earnings. IMHO maybe not sucha good bet over the next 3-5 years.

deflation will kill stocks, but not necessarily gold…

[sdduuuude]

I agree, they don’t necessarily correlate, but when the market went bad, it took lots of stuff with it for a few weeks.

[sdduuuude]

I agree, they don’t necessarily correlate, but when the market went bad, it took lots of stuff with it for a few weeks.

[sdduuuude]

I agree, they don’t necessarily correlate, but when the market went bad, it took lots of stuff with it for a few weeks.

[sdduuuude]

I agree, they don’t necessarily correlate, but when the market went bad, it took lots of stuff with it for a few weeks.

[Author]

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