ZLBT Chats

Saturday, January 31, 2009

Last night the DOW closed at 8000.86 down -148.15 or 1.81% and nearly -7% for the month
Gold closed up $18.80 to settle at $927, up 2.07% today and 5.26% in 30 days and up 0.05% from its price 365 days ago. In the year 2000 it took 45 ounces of gold to purchase the DOW, now only 8.63 ounces. We started 2008 with a DOW-Gold ratio of 15:1.
So in review, in 2000 it was 45:1, in 2008 15:1 and now it stands at 8:1. Soon the DOW Gold ratio of 1:1 shall return. Gold will rise and the DOW will drop until the two are equal.
The DOW sits now only 450 points from its 2008 low. Basically, we are two or three bad trading days away from new lows.
All of this after trillions and trillions of dollars pumped and forced into banks and institutions by Bailouts and “liquidity injections”, by the treasury and the Federal Reserve. We started last year with bailouts and free money to Bear Stearns, now we start this year with trillion dollar “rescue” packages of more fiat dollars, expecting different results.
Any person investing paper, into these paper, faux markets is a complete fool. Within a few years, the US dollar will be worthless and your wealth forever gone.
Therefore, I urge you to review all the numbers and fundamentals again. Read whatever the economist reports that warned us of the imminents looking forward.

CAVEAT EMPTOR ...... Buyers Beware !!!



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