re: gold set to collapse-why?
Mr. Stolwyk, The post was based upon what a respected English chartist said about the US dollar and oil. This chartist regularly appears on Bloomberg Money Show, which is available on pay TV. If you carefully read what I wrote you will notice the question about a switch from gold to oil was based upon this chartist's current analysis, NOT my views about gold or oil. Obviously if Tim Hogaard is correct and oil stays above $40.00 while the US dollar rallies 10% then during that time oil shares should outperform gold. Do you not agree? It is worth noting this chartist is not alone. Another respected chartist on the Financial Sense news hour is also predicting a substantial counter trend rally by the US dollar and decline in gold - also based on cycles work. Mr. Stolwyk, a number of very respected chartists are now predicting a very solid counter rally by the US dollar. If correct then a 10% rally by the US dollar will hit gold hard. Will you dispute that? You keep posting the bullish view for gold. Should the US dollar stage a 10% rally, even if it is a dollar bear market rally, what is one to make of all your posts? Mr. Stolwyk, you and anyone else reading my posts also CANNOT MISS THE FOLLOWING:
I'm just a wolf. So of course you should treat anything a wolf writes with due caution. Imagine telling your friends, "I bought these shares or I sold these shares after reading a forum post by a wolf!"
