SEE HERE Well what's ahead for the dollar and what about gold? Is it oversold and is the dollar going to continue to erode? I think the answer to the first question: 1) Is gold oversold? is a definite maybe, but the answer to the second, 2) Will the dollar continue to erode? is almost certainly yes. Explosive liquidity from all the stimulus, the excess printing, the easy credit, all of those create significant inflationary pressure. All the folks that I respect are counseling a lot of caution. Only the folks that I'm a little leery of are saying "Party on dude." Isn't it always that way?! CHECK THIS OUT TOO a bull market on declining volume is not a great sign.
Wednesday, December 2, 2009
Gold and the Dollar
SEE HERE Well what's ahead for the dollar and what about gold? Is it oversold and is the dollar going to continue to erode? I think the answer to the first question: 1) Is gold oversold? is a definite maybe, but the answer to the second, 2) Will the dollar continue to erode? is almost certainly yes. Explosive liquidity from all the stimulus, the excess printing, the easy credit, all of those create significant inflationary pressure. All the folks that I respect are counseling a lot of caution. Only the folks that I'm a little leery of are saying "Party on dude." Isn't it always that way?! CHECK THIS OUT TOO a bull market on declining volume is not a great sign.
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