Hutch,
Actually, I think it was kinda sneaky how they secretly took gold under $250/ounce.
Think about it folks... The dollar has lost some 4-5% of its value in the past several days, yet gold has not really budged to the upside.
decisionpoint.com
decisionpoint.com
decisionpoint.com
That means that gold priced at todays price in dollars is 4-5% cheaper than it was before the dollar fell. Gold should have climbed when the dollar corrected, but it didn't.
And when the dollar rises, I kinda doubt that gold will tag along.
Whadda think Hutch??
Pretty Tricky, eh?
Watch those T-bills... sometime soon Japan and Asia will face their pre-Y2K crisis of confidence, imo, and that will send money rushing for US gov't securities.
And the market will likely rise initially, until they figure out exactly why the bonds are rising, and then "kaplunk" goes the market until after the 1st of the year (My "SWAG" is about a 30-40% correction from here at its worst, but they may be overcome by events) .
Just a prediction.
Regards,
Ron |
