Did we forgetWhile we fret about things that will only take the pressure of buying and selling (Gold that is, if you are asleep) Did we forget that a month ago Saudi Arabia said that it would pump more oil if the price got out of the target range. Some promise, they don't give a damn about the US or the rest of the world for that matter! The price of oil creeps ever upward yet not a word from the Saudi's or anyone else pumping oil that could help. They will only be satisfied when the world economies slip further into recession.
The US economy WILL TANK, the powers that be are living in a dream world of Enron,WorldCom etc., and so are the general investing public. How they must like getting their butts kicked again and again, this DOW will get down to 7000 or worse like it or not. All the stocks are overvalued, would you go out and pay $50,000 for a $15,000 car, not on your life, but they hope they can pay through the nose for stocks in companies that don't and will not make a dime.
But there are a few smarts out there who know the answer (one guess, it's GOLD) and it soon will reflect the value of it's trading currency, the US dollar. It's pay back time for all the high living on borrowed time and money and the only real value WILL BE GOLD.
Good Luck to All the SMARTS.
Signed: tutank