What Will Happen to Gold Shares in a Crashing U.S. Stock Market?
By Doug Casey Chairman, Casey Research, LLC. The International Speculator January 24, 2006 As some of you probably already know, there are a multitude of reasons why I believe the broader stock markets are about to meet a financial Freddy Krueger. I won’t repeat myself here, other than to say that we are fast approaching the point at which the U.S. government will have to choose between crushing hocked-to-their-eyeballs American consumers by continuing to increase interest rates (a rock) in order to keep the dollar attractive to the foreigners who lend U.S. markets about $2 billion per day… or letting the dollar tank (a hard place), triggering all sorts of fiscal unpleasantness. Rarely is predicting the future anything more than a self-conceit or a ready topic for cocktail chatter; there are simply too many variables to allow for accurately predicting anything more complex than what time your alarm clock will go off in the morning. Even so, predicting the coming financial crisis is a
