funny...everyone is now fleeing to the "safety" of the US$....
how laughable is that?.....the US$ signifies safety????....oh, jesus!...
the people fleeing to the US$ and dumping the "risk" assets are the same dipshits that sold into the bottom of 2008-09.....
it's deja vu all over again...
the European fiasco has kicked the US$ can down the road for a little while....
after the European market hits the wall, they will begin picking up the pieces....
once the fear of the "end of the world" has subsided, the US$ will not be able to hide behind currencies that are only a LITTLE less disgusting....
at that point, the true "value" of the US$ will show itself for what it is...paper promises....
that will most likely signal the blowoff phase for gold...
until then, expect a tumultuous, albeit upward, chop to higher gold prices...
the lemmings that sell into these corrections are being deservedly seperated from their money right now....
just as they were a couple of years ago...
and what's happened to gold prices since then?....