Gold vs US DOLLAR

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Cypress Development Corp. is a Canadian gold and base metal exploration company developing projects in Red Lake, Ontario, Canada, and in Nevada, U.S.A.

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ful´o´gas

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Gold vs US DOLLAR

in response to

Re: Could be worse

cadaval

posted on Feb 17, 2009 08:34PM

Maybe it's just me.. Maybe I need new glasses.. but it appears I am looking at a US Dollar lately, gaining a little ground at the same time as the US dollar price of gold is climbing higher..

Tonight.. /.mmmm .. this morning Gold is quoted at $1228.16 CDN per Ounce..

Another new CDN $ high again ...and IMHO, if this trend continues much longer, ...... I might just be a little more..., Yes, a little more bullish for a "Golden Future."

Shall we also suspect / expect that... any US retreating dollar from this present $1.2637 level against CDN Dollar. should / could also produce the same effect for GOLD ??? I tend to think that many might agree.

I believe, perhaps, that we are seeing the stars changing their positions... and now being lined up for a much more favored bullish position in regards to precious metals..

Indeed, we could come to yet realize.... the true meaning of "PRECIOUS METALS"