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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 672.07-1.7%Nov 13 4:00 PM EST

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To: GROUND ZERO™ who wrote (16763)4/4/2011 8:37:41 PM
From: rubbersoul  Read Replies (2) of 218768
 
My thinking is that everyone expects a rate hike from the ECB. So if they decide not to raise rates then the USD may rally a bit and bring the metals and probably the stock market down for a short while. But if they do raise rates then the dollar will continue heading down and gold will move higher. But either way, precious metals will move higher eventually. A 1/4 point rate hike ain't going to put a dent in rising inflation around the world and won't compensate for all that fiat being printed.

They will continue to print. Heads up.<G>
bloomberg.com
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