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Message: Dollar gold disconnect

Dollar gold disconnect

posted on Oct 06, 2008 06:19AM

Hopefully the disconnect is a trend that large investors will finally accept. With gold down and the USD and YEN way up gold is also way up which we have yet to have seen. Once traders accept this as a trend gold will finally become the currency of choice. Traders are starting to see that they are running out of options. The dollar is strong but certainly on a precipace and the upside is very shakey, where gold is looking more and more solid by the day.

One would have to think the hedge fund liquidation in gold stocks is close to done. Let's hope so. I see a perfect storm building.


Oct 06, 2008 06:24AM

Oct 06, 2008 07:44AM
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