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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: ggersh who wrote (14771)11/20/2008 8:51:10 PM
From: RockyBalboa  Read Replies (1) | Respond to of 71463
 
Soy breaking down and Corn at lows,.. metals off. Gold the only thing which has some value; actually it rose vs EUR and GBP, acting a bit like the Yen.

Gold is walking on a very thin line. If markets recover people flee gold and yen. If markets continue to drop, the ax will finally fall on metals and commodities. The huge wedge driven between the POG and the price of gold miners calls for some explosion, either way. The GDX trades in a way which does not add up.