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Is pharma going to remain some kind of safehaven? I know this guy who is betting the house on it and laughs at my bullishness on precious metals. Pharma down 15% this year is it? That ain't bad but will it continue to hold up? Cheers.

Sure Treasuries are up year to date and I believe gold as well but other than that for the biggest part of the year it seemed the whole world morphed into this one single assetclass. On the days up you could buy Citi,, gold, Google or Walmart, take your pick you would have made a nice profit...

Pretty sure we are entering a new depression but the thing is I am probably rich enough to ride it out so I don't really know if I should care or not.

Look at CHF soaring.:eek:

Ok. Maybe you'd care to share your outlook 2009 for the euro dollar relation? Thanks.

But you were when 1euro was 1.25 dollar right?

CHF is spiking spiking spiking.:)

I live in that pighole of a socialist europe where the government takes 50% of your salary, you don't get to work for your own pockets untill after the summer, and still people over here save more then 10% of their income. What gives? Is it because the FED has run a more inflationary...

His Royal Highness Prince Joe Jackson IV

“We will not have any more crashes in our time.” - John Maynard Keynes in 1927 “I cannot help but raise a dissenting voice to statements that we are living in a fool’s paradise, and that prosperity in this country must necessarily diminish and recede in the near future.” - E. H...

Gold of course.:) 1500$ gold before may sounds feasible. This should send the miners higher at least 150%.

There will never be peace in the Middle East for the same reason banksters will continue to rule The USA. Easy money.

I know someone who works with China and his sources there claim 100.000 factories closed 2008. Where does the claimed 7% growth come from then?

Cashcarry?

Nice bounce. I was beginning to worry about putting most of my cash in CHF.:) Can it last?

I understand from an economic perspective why it would be better to let failed company's go but say they would have let F&F fail the Chineze would have never lent another dime to the US ever same goes for the billions and billions with Citi abroad that would have just vanished overnight because...

Yeah it's easy for you to say let them fail since you're loaded up on gold bullion aren't you?

Let AIG fail. Let Citi fail. GM, Ford, Fannie, Freddie etc. Let them all crash and burn. Financial crisisses their intensity are always a sign of excesses leading up to the crisis and that needs to work itself trough the system eventually one way or the other. It's hard to believe this...

Rabobank should be added to the list of survivors no doubt. I hope.:eek:

Without the military industrial complex backing it the dollar index would be what these days... 10?