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Mish disagrees with Nadler: Gold IS in a bull market

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bluestone
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Re: Mish disagrees with Nadler: Gold IS in a bull market

Can we ignore what China is doing?  China as a nation is very wealthy and actively encouraging its citizens to purchase gold and silver.   Isn't the govt itself purchasing gold and gold mining companies around the world?  I don't know of specific numbers, but my gut feeling is that this will ultimately have an impact on the the price of PMs

Brian

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JAG
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Re: Mish disagrees with Nadler: Gold IS in a bull market

janjee wrote:

I see you have 1,224 posts.  I don't keep up much with the blogs, but I do read the Report regularly.  Are you contrary on all the ideas here or just a few?

Holy Moly, I had no idea I had that many posts....sheesh....I need to slow down before I burnout (and burn you guys out).

I should clarify that I only oppose Dr. M's view on the dollar in the short term, and strictly because the inflation-trade seems very crowded right now, but in long-term I totally agree with his perspective. 

 

 

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Captain Sheeple

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Re: Mish disagrees with Nadler: Gold IS in a bull market

bluestone wrote:

Can we ignore what China is doing?  

Hi Brian,

I think the answer to that question is Yes. If China was really diversifying out of the USD, then their currency would be rising against the dollar. The fact that they are keeping their currency pegged to the dollar means that they are really buying dollars in order to do that. Hendry discusses this below.

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switters
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Re: Mish disagrees with Nadler: Gold IS in a bull market

I listened to Mish on Eric King Live.  He said he expects gold and the dollar to break pattern and rise together as they did in 2005.  

janjee
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Re: Mish disagrees with Nadler: Gold IS in a bull market

Thanks for the clarification.  Smile

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