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原帖由 peninsula 於 2007-11-7 08:48 發表

Will it break $900 this year?

Not terribly surprising if this happen...
over $2000-$3000/oz is not some nutty theory, i think this will happen within this few years...

Like i have said before.. the cartel that has been artificially suppressing the gold price has run out of bullet (gold).. coupled with devaluing paper currencies (this will continue for USD for the long time to come), reckless growing of money and credit supply, losing faith in paper money, and real growing demand for gold...
sooner or later, Gold will rise against all currencies, if not already so...

The 1 trillion subprime mess in the US is still to be totally felt and revealed.. UK will be the next in line for the subprime mess and housing bubble... and credit card loan in the US will be another tsunami...

finally, USD is going towards its intrinsic value...

引用:

原帖由 peninsula 於 2007-11-8 10:05 發表

Gold is already rising against all currencies wor. But $2,000 ...

because i have not checked if gold was rising against all currencies, thats why i said "sooner or later, Gold will rise against all currencies, if not already so..."
so it is not just the devaluing USD.. the demand for gold as investment need and safe haven is real and accelerating...
we will see when gold hit $2000/oz .. i dunno the exact time frame of course.. but should be achievable within the coming 2-3 years...

[ 本帖最後由 hardcat 於 2007-11-8 12:38 編輯 ]

引用:

原帖由 peninsula 於 2007-11-8 18:40 發表

You mentioned $2,000 to $3,000. Even at $2,000, shorting gold will lose everything so better to take long position.

Yes, no kidding... $2000 to $3000/oz... and might even be higher...
Of course, that also depends
1) if the Fed will raise interest rate to 10% or higher, which i think is highly highly unlikely...
2) how serious will be the credit contraction
both 1 and 2 is unlikely imo, because the Fed will keep printing money to avoid the japan like deflationary contraction, they would rather have hyperinflation and worthless USD.... hence, USD is fast reaching its intrinsic value of zero.. might probably be replaced by amero (this is still a "conspiracy" theory at this stage though)


Most people dont aware that central bankers all over the world has been subsidizing gold buyers for years!!! so why not buy it while it is still a bargain... good thing don't last forever, and it seems that this subsidising is gonna end pretty soon :p ... Yes you should take LONG position even if it meant to pay daily interest rate

btw, have you covered your short already?

[ 本帖最後由 hardcat 於 2007-11-8 21:49 編輯 ]