They will just as the rug is about to be pulled out. :laugh:
Any thoughts or opinions on gold Tsunami?
I don't think anything will be immune to the coming asset deflationary crash, including gold and silver. Oil will tank again since the peak oil issues are still a few years away and not a factor yet. Real estate will get hit again, in particular in the still way overpriced areas; the average home should be around 3 times the average gross income in most areas, not 10 or 15 times like some coastal areas. About gold....after last week's panic in stocks, and looking at this morning's futures (gold up $19 to yet another record high, while stock's are dropping hard), gold's hit over the next few years may be very light. I used to think that, for example, if stocks drop 70% in the next two to six years, then gold might drop 35-40% or so. But the latest evidence says gold might only endure a brief drop then recover, or even no significant drop at all. I was planning to sell what little gold/silver I have in July/August, but now I'm thinking I should just hang on and wish I had more. Converting the only real money to any piece of paper could be a mistake.
When is this crash coming? Soon. Harry Dent's timing is now aligned with
every other guru I pay attention too, although his latest prediction is even worse than I could have imagined coming so soon. He's talking about a tsunami that will dwarf any seen before. I didn't think the worst would hit until 2011, but last week we saw how suddenly the herds will hit the panic button when the debt crisis hits the U.K. and U.S.
I'm looking for a drop to 1110ish to get back in for the final rally into summer, but soon it will be time to get the heck out of Dodge. Here's 9 minutes that could save everyone a fortune if they don't ignore it. Preserving what you have will be key the next six years. He who loses the least, wins....
http://www.youtube.com/watch?v=AEsAjYXlLuI
