Post by
MELLOW88 on Sep 20, 2012 12:52pm
Gold now even...after being Down $9.00 earlier
and Gold looks to move much higher, imco...The US$ is/was UP almost .50 basis points on the $ index...US$ was being pushed forward by announcement from Saudi Arabia that it will pump as much oil as necessary for the US, and thus the US$ does/will not need to release petroleum from its strategic Oil reserves...But this is a 1 to 2 day wonder, and I expect the US$ to resume its declline shortly...All markets world wide are down today some expecting a real slowdown in World growth...that remains to be seen....
Comment by
hottubjohnny on Sep 20, 2012 1:37pm
well Mellow, that and the fact that the dollar had reached an oversold extreme. a sharp, short term reversal shouldn’t surprise anyone. still expecting nq news shortly, but hottubjohnny is patient. htj knows that agnico pays up when it sees something it wants, and believes agnico is eventually going to want it… hard and fast.