Comments on: Roubini: A Big Crash Is Coming, But I Don’t Believe in Gold

By: NHF

NHF — Tue, 10 Nov 2009 22:14:06 +0000

Well so far Roubini has been definitely been wrong about the gold play as of late. Been really enjoying the action that we have been getting in our plays there, but who knows maybe the bottom will fall out of gold again like last year if deflation pops into the picture.

By: Sherman McCoy

Sherman McCoy — Tue, 10 Nov 2009 18:41:33 +0000

Hasn’t this guy had his 15 minutes? He’s no savant, just an economics professor who suffers delusional episodes of grandeur from reading too much of his wn press. I’d rather go with Jim rogers, he makes money.

By: Dave

Dave — Sat, 24 Oct 2009 21:02:58 +0000

If anything it seems to be ramping up to be *worse* than the first big decline. Although the margin that those stocks were bought on is gone (probably forever), so I don’t think we’ll see the same severity of selling near term.

New lows will come, just sometime next Spring IMO.

By: Bernie M.

Bernie M. — Sat, 24 Oct 2009 17:10:30 +0000

I tend to agree with you Dave on another round of deflation.

All this “liquidity” is just being swallowed up by the banks and not spreading anywhere to make things turn around… The demand is not going to be there from the consumer.

But as everyone always says the market is forward looking…. We’ll just use 6 months for the example… so the market bottomed out in early March and 6 months from then was this past September…. so things should be really ramping up around us!! ha… what a joke

By: Dave

Dave — Sat, 24 Oct 2009 16:58:08 +0000

I’m personally betting on another round of deflation, but I expect it to be one where all dollar denominated assets sell off (to pay off debt in order to stave off bankruptcy).

That will likely be the last opportunity to buy precious metals at suppressed prices for some time (absent another round of deflation).