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Gold is a currency when the dollar is in a bear market. That is an axiom. Gold is not a commodity when the US dollar is in a bear market. No matter what central banks do to please the US Secretary of the Treasury, Paulson, the only way to break gold is to totally reverse the bear market in the dollar. Gold is Honest Money.
We have just witnessed a dress up for the Fed to lower the discount rate prior to November in order to bull the US equity market so the present politicians that hold the fortress get their troops re-elected. That is the full story. All else is noise. Oil is noise. Geopolitics is noise.
The real problem is you cannot herd Lemmings and more people than I ever expected just got killed in gold as a product of margin. |
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發表於 2006-9-16 09:20:42
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