merci an Hoka bei SCN 
Posted by Ambrose Evans-Pritchard on 23 Jul 2007 at 15:37
Tags: Economics, Currency, Gold, Euro, financial markets
.....What unnerves me is the way gold has tended to move in sympathy with global stock markets. Whenever risk appetite rises, it rises. When investors shun risk, it falls. In other words, it has become correlated with all the speculative trades - notably the yen and franc carry trades - responding to abundant global liquidity. This liquidity is now being drained as the BoJ, ECB, SNB, BoE, Riksbank, and Chinese Central Bank, etc, turn off the tap. So be careful.
While the pattern appears to have changed over the last couple of weeks, this is not long enough to establish a “paradigm change”, excuse the ghastly term. My concern is that gold will fall hard along with everything else (except the yen and the Swissie
) in any market crash/correction......
.....Gold will fly once investors can see that neither of the two reserve currency pillars (euro and dollar) is on a sound foundation, and once the pair are engaged in a beggar-thy-neighbour devaluation contest to stave off a slump (if necessary with the use of Ben Bernanke’s helicopters, meaning mass purchase of Treasuries, mortgage bonds, stocks, or assets of any kind to support the markets). This would amount to a partial breakdown of the monetary system. Gold will not stop at $800. It might well go beyond $2,000.
http://blogs.telegraph.co.uk/b…july07/eurocrisisgold.htm
...so langsam hole ich mir auch wieder einige Swissies zurück - ist einfach etwas
jetzt bezahlen "wir" so viel fürs Gold und wenn der $ fällt gibt's wieder eine lange Durststrecke....
linar 