SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: DuckTapeSunroof who wrote (5323)1/22/2009 5:12:08 PM
From: GROUND ZERO™2 Recommendations  Read Replies (2) | Respond to of 103300
 
Gold has always moved counter to the dollar, but this is no longer the case... since September, the time of the first big bum's rush over the weekend to burn billions of dollars for freddie and fannie, gold prices have not weakened when the dollar rallied... based on the gold/dollar index, gold prices are at their all time highs... in fact, a few days ago, both the dollar and gold were up big... watch what happens with gold when the dollar finally collapses under the weight of all this printing... I'm not any kind of gold bug, but gold is certainly one market that is telling me to buy and hold... I bought crude oil today after the 11 am crude inventory report, it was bearish and the crude market sold off, I jumped in and bought several thousand barrels...

GZ