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Bullboard - Stock Discussion Forum Prodigy Gold Inc KXLAF

GREY:KXLAF - Post Discussion

Prodigy Gold Inc > The US$ were hoping for a much much BIGGER move...
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Post by mellow99 on May 04, 2011 3:39pm

The US$ were hoping for a much much BIGGER move...

Gold Down vs US$...In my view, they failed miserably....They even failed to get to close above  .83 cents....This is suppose to be the KILLER of GOLD....and the Savior of the US$, this killing of OBL....lol...lol...NOTHING of the kind  has occured, and from way things look now, nothing like that will ever happen....This was just a 2 days market superintervention, which shows no sign of creating a new US$ Bull Market....NONE whatsoever...the only sure thing that will happen, is that our Osama has made himself numerous not so nice "friends"....It also appears that the US$ is doomed to failure, and no evidence whatsoever in leading to a change in US$....that fate is sealed....and no Bin Laden news story is/was going to change any of that....Let,s face ultimate reality here...the US$ is a BIG BIG trouble worldwide!!!!and so far NOTHING has changed that trend.....

GO GOLD!!!!!!!
GO PDG !!!!!

It will not be long now, when  the whole world will see very little and no change for the decline of the US$, and thus the RISE of Gold and of course PDG....

Mellow99
Comment by gldblv on May 04, 2011 11:15pm
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 $US will be lower in the comming years.Gold had shoot up way too fast and this shake out was necessary.  POG is entering a volatile period and it is hard to predict short term.What ...more  
Comment by mellow99 on May 05, 2011 7:05am
that is an interesting point you make, re the Feds did not want the US$ higher, or do they really.....NO country wants his currency down...World currencies are multi powers in and of themselves....It isnAnd so these MEGA markets intervensions are only a very temporary thing....that is what has been on going for the last 25 years or so...BUT today the entire world has become part of the world ...more  
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