Post
Topic
Board Economics
Re: Gold: I smell a trap
by
foggyb
on 23/08/2011, 16:43:10 UTC

reliance on past indicators is dangerous.  as you know, every cycle is different so pointing to the gold/silver ratio as some sort of predictor isn't rational.

.......

Peter Schiff was badly wrong in 2008 esp in regards to pm miners and emerging mkts.  we've entered phase 2 of the deflationary decline.  this could wipe him out.

Contradiction?

Implode-o-Meter blog explains why they believe the PM's market won't repeat the 2008 scenario:
http://blog.ml-implode.com/2011/08/watch-goldsilveroil-price-ratios/