tag:blogger.com,1999:blog-2335748440449035592.post6480231779195311755..comments2008-06-26T11:39:55.509-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2335748440449035592.post-46282936684947480322008-06-26T11:39:00.000-04:002008-06-26T11:39:00.000-04:00I don't really put a target on these things; but I guess $992 seems like a reasonable target; my interest in gold here was a bounce off the 40 week moving average while real interest rates are negative is a high reward/ low risk trade. <BR/><BR/>The trade could turn out bigger than this if the Dollar Index continues lower and in particular trades below $70.7. Then we would likely see an acceleration of gold higher and the dollar lower.Guyhttp://www.blogger.com/profile/09198161809721597881noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-58827059043340163372008-06-26T11:08:00.000-04:002008-06-26T11:08:00.000-04:00The first part of fighting a problem is stopping the denial Michael. We are still in the denial stage :) We haven't even gone to steps 2-3-4. <BR/><BR/>Its supposed to be a politically independent body - short of oil $250 perhaps no raises until post election.<BR/><BR/>Even at $250 will they say CPI 3%?<BR/>:)<BR/><BR/>Personally I hope CPI goes negative soon - it will have to be that loony for masses to begin to question it. Darn sheep.<BR/><BR/>So I guess if oil continues its march we can watch the world (ex China who is willing to pay any price for anything) grind to a halt - and scratch our head why we have positive GDP :)TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-60056970510016495592008-06-26T11:00:00.000-04:002008-06-26T11:00:00.000-04:00You mean we actually have *do* something about inflation? I thought just talking about how we're going to fight it was enough?Michaelhttp://www.blogger.com/profile/14603027333434481007noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-48317101974584387852008-06-26T10:38:00.000-04:002008-06-26T10:38:00.000-04:00Thanks Guy. This is why I am hesitating on buying - maybe 1/3rd of the move is already in.<BR/><BR/>What is your target on gold if you do not believe its going to $1032?<BR/>$975? $950?TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-53710663545722697212008-06-26T10:37:00.000-04:002008-06-26T10:37:00.000-04:00TM: 2 reasons why gold should remain on radar screen: 1) still in bull market; the move from $1032 to below $900 has been a pull back only to the 40 wk MA; 2) real interest rates remain negative and should remain negative a long time. <BR/><BR/>On an anecdotal point here, I don't think the current bounce will lead to new highs in gold and I view this as more of a rotation of the hot money for now---just my feeling.Guyhttp://www.blogger.com/profile/09198161809721597881noreply@blogger.com