The recent sell offs in oil and gold are a total head-fake. The market does this every so often to allow the market masters take profits. And fleece suckers until they panic.
So perhaps, look for a lot of "happy talk" about the dollar and cheap oil during the next week of so. Maybe.
I mean the market masters and their media shills should be able to "fast talk" the markets a little, before the next data points come out on the US economy.
Greenspan, and his market shills, know that he can still attack gold.
And, the oil sell off is just a temporary head fake, with OPEC already getting antsy about "low prices."
But at least we can all make it to Walmart and Grandma's house with some money left in our pockets! ----Till after Chirstmas anyway!
THE TRUTH IS THAT THE TWIN DEFICITS WILL DO ALL THE TALKING ON THE DOLLAR, GOLD AND OIL LONGER TERM.
AND THEN, THERE'S DUBYA'S "PLANS" FOR TERM TWO----FOR A CHERRY ON TOP!
I'm watching gold like a hawk......because with the new ETF there will now be a greater need to "panic the suckers" every so often.
Greenspan may be weakening in his ability to control the important markets like oil, gold and the dollar.
But, Greenspan doesn't want to "have to" raise rates JUST "to defend the dollar," especially when the global and US economies are seeming to slump.
Watch gold, oil, and the dollar for a new entry point.
And, remember, Macro-economics is your friend.
http://www.bloomberg.com/news/markets/currencies.html
