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EvanRowe
Florida, United States
Posts:
25
14 years ago
Dec 22, 2009 18:03
In Thread: Dollar Sobers Up Despite Fed PunchBowl
as for the commodity rally, I still think that this rally will require massive credit. Prices are set by psychology of anticipated future values. If the people setting those prices are collectively effecting each other, then they can drive them up (or down). But if you take away the fuel that is used to deal in the future, then the here and now price will tell us just that: there price here and now with little credit in the system. And then maybe in the distant future, more credit will be introduced...
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EvanRowe
Florida, United States
Posts:
25
14 years ago
Dec 22, 2009 17:48
In Thread: Dollar Sobers Up Despite Fed PunchBowl
I agree with spec on this. Any insights into the shorter term moves? My weakness is playing my limited amount of money, and trying not place enough on the line in a short, but not getting wiped out. Risky business this is. With the holidays, thin liquidity scares me.
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EvanRowe
Florida, United States
Posts:
25
14 years ago
Dec 22, 2009 5:34
In Thread: Dollar Sobers Up Despite Fed PunchBowl
I'm not looking short term here, i'm saying that seems like the order the chips will fall if the U.S. can't create more juice.
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EvanRowe
Florida, United States
Posts:
25
14 years ago
Dec 22, 2009 5:32
In Thread: Dollar Sobers Up Despite Fed PunchBowl
I do not see how gold can stay higher than that, at least if there is another blow out and a deflationary spiral. I am in this camp. Gold being above whatever it was in 1999-2002 or so will not make sense if you have people clinging to their fiat money. I think fiat remains for the future, and eventually purely digital currencies. Too much trade off to go backwards once any economic system moves in that direction. Do you think that the economy will be rooted in deflation? If so, don't you see Yen strength? I don't see Yen stimulus and lower rates as being something that borrowers will be taking and plowing into anything.
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EvanRowe
Florida, United States
Posts:
25
14 years ago
Dec 21, 2009 21:41
In Thread: Dollar Sobers Up Despite Fed PunchBowl
Is your 1070 call on gold short term? I don't see how anyone can really think gold is going to go up anymore once inflation gives way to deflation. Gold at 500 in a few years would seem possible to me.
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