The market action this week was so odd that it really doesn't merit a comment....
Here from the link is an interesting quote on gold however... I agree with the speaker entirely...!
"Nowhere around the world are investors buying dollars as part of a buy-and-hold strategy," he said. "No bearish scenario exists for gold."
All told, "no single factor has a more winning percentage than the inverse relationship of gold to the U.S. dollar," said Peter Grandich, editor of the Grandich Letter, in a recent newsletter. "About 85% of the time, and certainly over a period of years, they move in opposite directions."
And "a currency is only as good as the country behind it," he said. "Socially, economically, politically ... America has never been in worse shape."
