Essential Preparation for 2011

Friday, October 29, 2010
By Paul Martin

by Deepcaster
Thu, 28 Oct 2010

“Fundamental and technical factors for gold are now in total harmony and gold is entering a virtuous circle that will drive the price up at its fastest pace since this bull market started in 1999.

It is a fact that gold in US dollars (and many other currencies) has gone up 400% in eleven years or 16% per annum annualized.

It is a fact that the US dollar has declined 80% in value against gold since 1999.

It is a fact that the dollar and most other currencies have gone down 98-99% against gold since 1913 when the Federal Reserve Bank of New York was created.

It is also a fact that the Dow Jones (and many world stock markets) has declined over 80% against gold since 1999.

It is a fact that gold has made a new all time monthly closing high in dollars in August 2010.”

“Gold entering a virtuous circle”Egon von Greyerz, HSL Jr, 9/6/10

Just over a year ago, Deepcaster noted the following Report, and its consequences for the U.S. Dollar.

“(In a meeting allegedly held by the Gulf States, China, Russia, Japan and France it was decided–) to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese Yen, the Chinese Yuan, the EUR, and a new unified currency planned for nations in the Gulf Cooperation Council.”

Report in The Independent by Robert Fisk October 6, 2009

“As a consequence in part of this unconfirmed report the U.S. Dollar took a real battering earlier this week.

Yet in spite of that and all the other market, economic and other uncertainties the U.S. Equities markets bounced blithely higher.

The Rest…HERE

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