Gold down...even while oil soars...and stocks rally... Wassup...?
Well likely we are back in the grip of the Wall Street Bonus Army for a while...
The move in oil today should have been disturbing... But with mutual funds flush with retirement cash from the American sucker public... The market masters can simply buy their way out of any declines in stocks...
The weaker the dollar gets...the higher the nominal value of the Dow can go... Which is fine as long as you don't look at the prices of oil and gasoline and alas, even gold eventually...!
