some more surfer thoughts: http://www.tradingmarkets.com/.site/eminis/commentary/guestcommentary/-76564.cfm still sticking with 600 gold by 4.1.2009. surf
gentlemen there has been a change in sentiment versus the fiat currencies and even oil for the last month or two the pm complex has seen less interest by the "big money" that chased it to multiyear highs now that money might flow back in time into the complex but for now ... be careful in making big one way directional bets
I think surf will get his head handed to him in a basket by 4-1-2009. $1100 by then is my guess. How confident are you sleeping each night with your account in US dollars? Do you think the rest of the world likes sleeping owning US dollar debt?
very large metallic private and sovereign funds are the prime movers in the speculative gold space. this move should be compared to large scale pump and dump operation. this is NOT economically driven by the outdated theories of supply&demand. its just a matter of time--- the top is in....,<600 by 4.1.2009 bottoms up socrates, surf here is just a teeeny tiny teeny taste in public domain http://www.citywire.co.uk/selector/-/news/other/content.aspx?ID=301468
You are forecasting a crash, deflation, and depression much worse than the 1930's, my friend. I just don't see the CB's allowing that to unfold...
If you actually believe supply and demand is an outdated economic theory then I truly have 0 respect for you.