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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (76780)	12/28/2006 9:28:06 AM
From: Real Man	Read Replies (1) \| Respond to of 110194

Gold is responding to recent Fed's coupon passes, maybe just a temporary response. In my view, more folks are buying gold as an investment, seeing all the government inflation lies and printing activity. The gold market is not that large. We'll have to see if oil responds. I think it will. The bounce in the dollar is just a temporary bounce - 80 is a multi-year support level, and an all-time low for USDX. A break of that low will lead to a significant deterioration of it's technical picture, so the dollar crisis is quite likely if it falls somewhat below 80.