If the market can still "do" anything right...IT'S GOLD BASHING...
I suspect that the FED is giving the market masters the signal that gold bashing is A-OK with them...
The only "tool" that the FED has left in an increasingly global economy is GOLD BASHING...
If gold goes out of control as it did this spring...the dollar is doomed and interest rates will have to be raised much much higher then...just to "save the dollar" which is really the sine quo non for the economic world AS WE HAVE KNOWN IT...
Unfortunately, the paradox is that the dollar CAN'T BE SAVED...
So we have an situation where in the immovable object is confronting the irresistable force...
Result: THE CURRENT CONFUSION...AND INSTABILITY IN THE MARKETS.
EVERYONE "KNOWS" WHAT HAS TO HAPPEN...THE PROBLEM BEING THAT "IF" IT HAPPENS...OUR ECONOMIC WORLD COMES TO AN END...
JUST THE DISPARITY IN LABOR COSTS GLOBALLY BETWEEN SAY, THE US AND GERMANY, AND CHINA AND INDIA IS ENOUGH TO UPSET THE APPLE CART...
BUT THE MEDIA PUNDITS AND THEIR MASTERS IN THE CORPORATE SECTOR ARE RELUCTANT TO CONFRONT THE NEW REALITY THAT THEY...THROUGH THEIR BOUNDLESS GREED, HAVE CREATED...
AND OF COURSE THE GENERAL PUBLIC IS BEING KEPT COMPLETELY IN THE DARK ABOUT WHAT'S REALLY HAPPENING...
