US Dollar is a hostage of General Bernanke, fighting the sacred war against Deflation. Something has to give and poor fellow will lose its "safe heaven" glamour now with back up from 8.5 trillion bailouts commitments. Fear VIX is going down, market DOW DIA is ready for a party, who will buy Treasuries below 2.5% for 10 years apart from the FED in QE? After BOE and ECB done with rates cut for a while US Dollar is on its own in the cold. Gold's eratic moves are tired of manipulation and you can not get any physical on a normal human being level in coins. General Bernanke is busy to devalue the dollar and Gold will be his friend from now, showing signs of life in so welcome inflation.Sunday, December 07, 2008
US Dollar DXY is close to Break down. GDX, AUY, SSRI, SLW, MGN
US Dollar is a hostage of General Bernanke, fighting the sacred war against Deflation. Something has to give and poor fellow will lose its "safe heaven" glamour now with back up from 8.5 trillion bailouts commitments. Fear VIX is going down, market DOW DIA is ready for a party, who will buy Treasuries below 2.5% for 10 years apart from the FED in QE? After BOE and ECB done with rates cut for a while US Dollar is on its own in the cold. Gold's eratic moves are tired of manipulation and you can not get any physical on a normal human being level in coins. General Bernanke is busy to devalue the dollar and Gold will be his friend from now, showing signs of life in so welcome inflation.
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