myLot User Profile

Sunday, November 29, 2009

Updates from the Deflation Camp

Bob Prechter gave a good interview on Eric King's King World News and a frustratingly good argument for the deflation camp.

Check out the link to listen

http://www.kingworldnews.com/kingworldnews/King_World_News.html

Famous Last Words

Over the last few months gold has defied the pundits and newsletter writers by not delivering a much predicted pull back and is now racing ahead stopping just shy of $1200 on Friday.

This massive rise has sparked many commentators to predict that we will never see Gold below $1000 ever again. Whilst the fundamentals and some technicals may support this in the long term - these statements smack of euphoria. I am reminded of oil's meteoric rise above $100 up to $149 and how many of the peak oil proponents (many of them also Gold Bugs!!) talked about how we would never see oil under $100 again. Lets see where we end up!!!

Friday, November 20, 2009

Coming soon