US$ very last swan song....Gold is being hit with Once again GOLD is being HIT very hard with the dumping of physical Gold by the US$, to desperately try to avoid the obvious deep correction coming ...and soon.....Most central Banks have already "eased", some are starting QE3 , becauswe of the lack of real growth in world econnomies, BUT NOT the US$, it is so far refusing to continue with QE3, and continies to battle Gold...Just a closer look at the economic news this morning shown the US employment rate for June/ was very disapointing, well below estimates, like 70,000 jobs , no sign whatsoever of real Growth...
The pressure will mount substancially and rapidly on US$...Gold in my view, will NOT go below about $1600, although it likely will go down slightly below that, but for very shorts periods of time...Once the US$ is forced to act, print paper money, Gold will instantly react upwards...Hold on to your Gold and shares...our time will come very soon now...
Mellow