Thursday, August 7, 2008

Who amongst us would predice $USD = .82 ?

And more than that, would would the US Dollar / Gold correlation Index read if the US Dollar could rally as far as .82?

Let me offer two charts to illustrate my point, and then you can extrapolate what conditions would be necessary to facilitate even a partial achievement of the objectives shown........

I think the truth is far stranger than we'd care to admit, except THAT this is A PRESIDENTIAL ELECTION YEAR in the USA ! ! !

The implications are quite ominous for PM's and non PM's alike, for the volatility will no doubt tear your head off, if you are on the wrong side of anything.

Good Luck To All,