Tuesday, June 13, 2006

IF THE GOLD MARKET CATCHES COLD...

THE STOCK MARKET WILL GET PNEUMONIA!

This odd notion that only gold will suffer from the HIGHER RATES FOREVER mindset at the FED is a little bit nutty...

In truth I don't think the dollars problems can be solved by higher rates... I suspect that they are much more structural than that...

But the stock market could be devastated by higher rates.... All along I predicted a stock market crash... as soon as Bank CD's offered a 5% yield....an that's exactly what's happening... It's 1975 revisited....