Wednesday, January 6, 2010

Gold Bull Makes Tech Ticker, Again

'"A Huge Move": Gold Could Double in Next 5-10 Years, Miller Tabak's [Phillip] Roth Says' The fellow's calling for gold to double in the next five to ten years. He makes the point that gold is trending up in all major currencies, not just the U.S. dollar, and explains why:
"Whether the dollar goes up or down, gold is still going to be a good investment because we have virtually all the important central bankers focused on growth and not inflation," the veteran technician says. "They always say they're worried about inflation but they're not acting that way; they're acting to stimulate growth, and that's bearish for their currencies."
He's also bullish on commodities.

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