Gold, oil, real estate & DOW - just like I said in February except ...
the DOW, but don't' worry it will be getting there. In Real estate, housing bubble, gold prices, falling dollar, stock market written on the February 23rd, I said that Gold meanwhile is pulling higher and higher, little by little is getting to the $700 level. In my opinion, it will break through in the near future and go higher. Well gold went to around $840 USD, pull back to $780 level and today closed at $790 in New York and is breaking back through $800 level elsewhere.
I also said that dollar is going further down, with oil prices going back up. The USD-To-Euro chart below is quite telling. Today the oil stayed at $98.03 USD, while the very USD settled at 0.6749 Euro.
I also stated As far as stock market goes, it is primed for a major correction, in my opinion. But with the few exceptions, no one want to hear that. The DOW did go below 13,000 few times in recent days, but still, no one is listening.
Tue Nov 20, 2007 03:11PM | Copyright: www.bad-credit-advisor.com | More in Economy | Comments (0)
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