gold, dollar, S&P -- all linked and near breakouts(downs)
funny how that oddball ahole incompetent analyst in January called Newmont target of 10
I wonder how much he was paid to sacrafice his career
the dollar is likely to rebound somewhat off 115 here
but at the same time the S&P and Dow and Naz are all staring face to face at the precipice
it is a long way down below Naz=1700
a retest of Dow 8500 is now totally gauranteed
I expect the dollar to bounce up, then in early summer, to break down versus THE ENTIRE BASKET OF TRADE WEIGHTED CURRENCIES
so many people think the dollar is paramount
it might have been
but it has transformed in nature to a debt issue
a AAA debt issue of high order
but a debt issue nonetheless
it is a better currency than the yen, right?
better than the faceless euro, right?
better than the swissy for sure, right?
better than the peso, right?
well, guess what? it is going down versus all of them
why?
because of oversupply, simple laws of supply & demand
and because the leverage device in futures contracts enables it
why do so few people even care to discuss the dollar?
does anyone have any brain wattage outside techs?
as the dollar declines, so will the S&P and other stocks
I fully expect Naz to wrestle with 1000 this autumn
the dollar and gold will be the lead stories later this year
how is the economic recovery coming?
the stock market is SCREAMING "there will be no recovery"
the dollar and gold are inversely tied
they are competing against each other, have been for 20 yrs
that is why GreenFlationMan hates it, pushes it down
meanwhile, the silver industry is in real danger of going out of existence
it is reduced to a backwater onhold industry
it will take at least two years to get up and running
some phenomenal bargains in silver mine stocks
and silver proof coins
they will each rise 40-fold at least
/ jim |
