GOLD to 1000 (again) soon

Scary stuff. With the rates of long term treasury bonds increasing & the possiblity of interest rates increasing when the US loses its credit rating and of course the monetary easing game that World Governments are playing high rates and major inflation are in our future.

well the dollar was teetering on long term support near 80 until last nite it fell thru.

Traders looking for high returns will PILE INTO $ denominated commodity's.........look for OIL and GOLD to continue their ascent.

oil up over 65 gold up to 973.............gee so long as people are smoking green shoots.......the dollar will temporarily fall and gold and oil could rise by next month to 1100 and 85-90 respectively .......that is not hyperinflation it is traders pilling into a short term dollar devlauation TREND.

Now this is not a sign of imminent hyperinflation for god sakes....the fed ain't printin 10000$ notes ......the banks aren't lending out the electronic -bernanke notes .....there is a high inflation POTENTIAL ....but that has not been realized and don't confuse rising gas and gold with that ......although many pundits DREAMING of a real monetary inflation (credit be lent out/tangible dollar printed as well) will try to confuse you that it is!! why?

so that you will adjust your consumption habits from waiting for lower prices.........to being more inclined to spend spend spend

should oil run back up to 100 by july.....will YOU BUY the media B.S that says...."oil rises on hopes of economic improvement" "oil rises on supply constraints" ......

just because we hate corrupt washington/wall street policy's and WIsh it would stop.... does not mean that the dollar will collapse and bring them some sort of "justice"....soon..................



[edit on 29-5-2009 by cpdaman]