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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: TH who wrote (257987)7/1/2010 2:03:47 PM
From: orkriousRead Replies (4) | Respond to of 306849
 
As soon as the street figures out that the move in the Euro is not sustainable, gold is going to move up quick.

More than an unsustainable Euro move, what I think we are witnessing is the death of the dollar, or said differently, the death of fiat currencies.

The street should now know (actually, it should have known before) that the US economy is dog sh*t. The numbers this morning confirm it.

Gold s/b up $35 today, not down $35. Once the forced unwind of those long gold short the Euro finishes, we are off to the races.