They keep pounding away at gold because it's an easy target...
And it "defends" the dollar "on the cheap" in a way that oil can't...
But, is it anything but a short term market ploy...?
Because the B-Man is simply going to need to raise rates a lot more to make it all valid...
A 5% FED funds will not save the dollar... A 10% FED funds might save the dollar...but in the meantime the stock and real estate markets will be toast!
This all assumes that the K-Street Kongress is totally out of the picture and can NOT be depended on to do anything to help the American people or the American economy...
