Essential Preparation for 2011
by Deepcaster
FinancialSense.com
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