Argentina - US dollarHaven't posted here before but can see Kinross on a bit of a bull run...
Just thought I'd add a comment about being in the minority about the US dollar devaluation...
David Dodge was pressed at the last federal finance meeting about what he planned on doing about our weak dollar falling against the $US. His reply was nothing adding that the $US was in for a correction and "hoped it would happen in an orderly fashion"...
I own some K as a hedge against the DOW. I also own it because its in a bull index. Right now I think that DOW is bursting at the seams trying to stay at the 10000 level so that fund managers can keep their jobs when the end of quarter and year are printed out and mailed. Also think the US gov't sees the DOW as the last stand in the markets. It already has a negative 200 day MA. One more correction down to new lows might confirm to the Bulls that a major recession is here. Can they stop the DOW collapsing like the NQ??? I guess we'll see next year.
Meanwhile I think I'll hold own to my gold stocks until this burns off...
Merry XMas and New year
Max the dog :-)