GREY:KXLAF - Post by User
Comment by
gldblvon May 04, 2011 11:15pm
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Post# 18532409
RE: The US$ were hoping for a much much BIGGER mov
RE: The US$ were hoping for a much much BIGGER mov
I don't think the US wants a stronger $ at this time. If they wanted they would have given hints that they will support the $. Of course they don't like huge sudden changes but it is clear that $US will be lower in the comming years.
Gold had shoot up way too fast and this shake out was necessary. POG is entering a volatile period and it is hard to predict short term.
What really surprises is the gold mines SP. They have decoupled from POG for few months now. Something needs to correct.
GLTA