Will we be fooled to think the Dollar problems can be solved while government overspends?
*JSMineSet, by Jim Sinclair, April 1, 2008
“Paulson Program and Lehman Brothers Raising $4 Billion ‘Solve Credit Problems?’
Gold weakness today is predicated by the short covering strength in the US dollar.
Short covering in the US dollar is predicated by the Paulson program, the $4 billion raised by Lehman Brothers and the conclusion that the credit problems are now behind us.
The problems in credit are NOT behind us. The US dollar problems are far from over.
The Formula is 100% correct.
There are consequences to the increase in liquidity created to craft the appearance that no further major international investment and banking companies will need rescuing.
Gold will trade at $1650 before the second week of January 2011. I am offering a $1,000,000USD wager with a financially qualified party that this will occur.
Any party on Bloomberg, CNBC or CNN stating an opposite opinion on the price of gold should be informed of this challenge.
Please communicate to any vocal bearish gold expert that I challenge them to put their money on their views.
*This information is solely a highlight of the opinion of a third-party publication and is incomplete. Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.