congratulations nevada, well played.
what do you think is driving the US economy? production and profits? fed has needed twist,qe 1-4 to get stocks to the level they were before the crash, not adjusting for inflation. what do you think will happen when the fed removes this type of support?
what about inflation here in australia, i take it you feel the government CPI is an accurate measure? food, energy and hard assets have seen big gains over the past decade, are they increasing in value or is the value of what we are measuring it against that are dropping (ie currencies).
end of the day will demand for gold drop? seems out of favor at the moment, but if the reasons for gold rise was depreciating currencies then what does the future hold with record levels of debt, larger than ever government and spineless politicians concerned above all about self interest and the short term?
I take it that if we correct down to 1100-1300 you would be a buyer as the fundamentals are still in play. There has been strong buying in the 1500s and the globe will have to swallow the keynesian kool-aid, not just the US, but i have my doubts that the chinese/indians are that short sited. I think buying will continue at those levels if it gets down there again but who knows.
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