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Royal Gold, Inc. Message Board

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  • bo_rare bo_rare Jul 27, 2005 10:26 PM Flag

    is that a hammer on the chart

    I'm less inclined to follow the US$ or other currency cots than I am the Silver and Gold Cots.

    The currency markets are HUMONGOUS compare to the Gold or more so the silver market.

    Also the US$ is extremely important in this day and age as the excesses of the last 10 to 20 years have produced numerous imbalances waiting for a catalyst to set off a dramatic cascade of unintended consequences. So the dollar and bond markets are (in my opinion) currently being supported in order for the banksters (who have any sense)to get to cover. Unfortunately it looks like the cover they will be using is the sweat of the American worker and the sweat and pain of future generations of workers, that is, our children. In other words todays banksters are being bailed out of their greed and folly by the future labors/taxes of our children.

    What a nice legacy we are providing for our children and our childrens children. Remember that bumper sticker "I'm spending my childrens inheritence."

    There should be a new one "We're spending our childrens future earnings."

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    • Thanks, bo. It certainly seems that the COT long/short positions in dollar, though at a multi year high, are too miniscule in contract size to truly be more than one of many minor indicators of sentiment.

      An old man told me twenty-five years ago that what anyone should expect is to have to run harder and faster to stay on the same spot. How right he was. One thing I have noticed is that one needs to guard against the pessimism that this awareness can breed. While it is an undisputed fact that lots of things have gone to hell in a handbasket, there is also unbounded possibility to make a buck in many areas.

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