The big dollar rally is expected. Because the fate of the western world depends on it...but is it sustainable?
Everyone accepts that the FED will be raising rates again and again... And gold has plunged..even while oil traders are from Missouri on the outcome.
This extreme volitility in currenies is not desireable...but as we are at an inflexion point unavoidable.
GOLD SIMPLY MUST BE DRIVEN DOWN MORE...TO PRESERVE THE LIFE STYLE OF THE AMERICAN CONSUMING PUBLIC...
IF THAT TAKES HIGHER RATES...SO BE IT.
STILL, GOLD WILL LIKELY BECOME A BUYING OPPORTUNITY...AS IT IS LIKELY TO BE OVERSOLD ON THE PROSPECTS OF A STRONG DOLLAR BASED SOLELY ON INTEREST RATES ALONE....
THERE ARE STILL THE TWIN DEFICITS WHICH ARE GETTING WORSE NOT BETTER WITH THE NEW BUSH TAX CUTS...AND THE NEVERENDING WARS AND CONFLICTS WITH OIL PRODUCING NATIONS.
IN SHORT, THE DOLLAR RALLY IS REAL...BUT FAKE. OPPORTUNITIES WILL ARISE AS THIS ANOMALY PROGRESSES LATER NEXT WEEK AND BEYOND...
HOW LONG STOCKS CAN "FAKE IT" IS ANOTHER STORY...
Stay Tuned...
