Wednesday, September 12, 2007

playing devil's advocate...

Gold goes up either way.

If CB's get tough like BofE today, then berserkers, hedge funds and pig men need to move assets over to the only bubble left (gold and commodities). There easily could be more than enough FC to run up gold even if cheap credit continues to take a beating.

If CB's wimp out and print money, then gold us up, up, and away.

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