Posts by "ginger"

Target still 1.15-1.18 by middle of next week

catnip, agree with you we're in for a period of deflation, however not everything will be falling in price - there will still be some inflation in necessities such as food. Gold IMO will not be immune to a sell-off in this environment. A re-trace to around $1000-1100 range should be expected within the next few months. If the equities sell-off spirals further I can even see gold sell off to below $900. More and more I'm coming to the view that Bob Precter has been correct all along - his timing has been off due to the massive stimulus of governments that have sealed the leak with sticking plaster but finally the time for Precter's warnings are about to manifest in a global depression - unique few months are about to take place which will change sentiment for ever in all assets. The only place to hide is in cash.

good read below on Euro. May be a few more days of small rises to come followed by a drip down to long term average of 1.18 followed by overshoot to perhaps 1.10 by Summer.
http://www.telegraph.co.uk/finance/comment/jeffrandall/7746806/Whatever-Germany-does-the-euro-as-we-know-it-is-dead.html

that Bob Prechter interview on cnbc in April when he got lambasted by those contributing idiot traders is very telling - he's been proved right yet again. We'll get the odd rally but the trend is down now - interesting times.

VIX has a long way to go yet - my firm belief we'll see over 90 this Summer - watch this space