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September 27, 2006

The Credit Suisse Weekly on Gold, Wed., Sept. 27, 2006, 4:16 PM

Serious people don't pay much attention to the CNBC media on a cheerleading day like today. Instead, they take the time to read reports from credible sources like Credit Suisse.

This report is a thorough discussion on Gold. In particular, the info and charts on page 11 are worthy of study. As you will see, CS agrees with my call on the $USD, and for the long-term uptrend for gold.

Download CS Sept 26 Gold Weekly report.

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Posted by Posted by Bill Cara on September 27, 2006 04:16:07 PM | Category: Gold

Discourse

Bill

Why would CSFB say "interst rate hikes are expected to continue increasing" when the bond market is pricing in a 50% chance the Fed will REDUCE rates before Jan 31?

I am in the camp the USD will slide down because if so, it will make it easier for the US to pay off its debt. I am expecting USD FOREX to go to 81.

Posted by: SoccerMatt [TypeKey Profile Page] at September 27, 2006 6:38 PM [link]

I'll take a stab at this for Bill :-)
THEY are not taking into account that there is a lot of inflationary pressure bubbling in the pot. The things that make rates decrease are the things that are in the news BUT inflation will rear it's ugly head once again.
Actually if we do see a brief decline in rates inflation will whipsaw to even higher levels and result ineven higher rates than now.
Will the fed take the bait and decrease for the short term, likely? Will net inflation be even worse in the end very likely!
Money printing, credit and liquidity are the only solution that will keep things going in he U.S. for the immediate future. These practices are inflationary!!!!
There, four Mogambo exclamation points, Hah!

Posted by: agaunv [TypeKey Profile Page] at September 27, 2006 8:51 PM [link]