Well who knows...probably.
It would be easier to be gloomy IF the dollar had ANYTHING GOING FOR IT...!
BUT IT DOESN'T...
Mr B has still got to show us what he's got... And Foreigners have to like the DOLLAR AND THE US ECONOMY... And it is not clear that both of those are on the same wave length....
For Example, A stronger dollar may come at the price of weaker exports from foreign economies; as the US economy cools...
There is always "three hands" in any economic arugment...that's why they call it the dismal science...
TODAY'S BUY BACK OF GOLD STOCKS WAS WELCOME...IT COULD BE A LITTLE SHORT COVERING...BUT GOLD IS A CURRENCY PLAY AND NOT MERELY AN ECONOMY PLAY...AND MY HUNCH IS THE CURRENCY SIDE WAS REASSERTING ITSELF TODAY.
P.S.....NO I WAS WRONG! IT WAS JUST SHORT COVERING BY THE MARKET MASTERS...GOLD COULD BE DRIVEN BACK TO $400 AT THIS RATE OF DECLINE... THE DOLLAR SIMPLY MUST BE SAVE---ON THE CHEAP---AND DRIVING DOWN GOLD IS THE WAY TO DO IT...
I REMAIN A TRUE BELIEVER IN THE FUNDAMENTAL WEAKNESS OF THE DOLLAR...UNTIL THE B-MAN SHOWS ME DIFFERENTLY...
SO, I WILL HOLD GOLD UNTIL THEY START SETTING IT OUT FOR MORNING "TRASH PICKUP" AT THE WORLD'S CENTRAL BANKS!!
