RE: RE: Think positive. It is your money.Interesting read Ike. I agree with almost all your comments except the Euro. If no accord is reached with the "Club Med" countries you may be right. But if say Germany, France, and a couple of the other stronger economies continue the game we'll see the Euro out perform by a substantial margin. Just think if we did away with all the cost we absorb in our lives in regard to trade with the U.S.. The banks rape us daily on exchange related products and they are an impediment to trade, a large part of the risk associated with export. I've seen the price of a commercial purchase of $100,000 change by $8,000 in a couple of months. Costs of maintaining borders the way we do and all the other political ramifications cost us dearly. We have to accept that the European Union is the way forward. Less hidden "cost" which is really a tax on trade.
$2,000 Gold though is a very real possibility as the U.S. $ will have to strengthen very soon or we'll see it slide 10% or 20% from its current value. That will cripple any kind of recovery in the short term. Yes more competitive for exports but raw material costs become prohibitive.
Looking forward to the next few weeks here with CAN. Hope your predictions all ring true. Still a great play and story, just anxious to see us beyond certain issues.
Regards A