Sunday, September 25, 2011

Dow Destruction & Gold Super Highway

  • Our leaders’ answer to all economic problems is printing and lending more money. Is that a solution, or a denial that there even is a problem?
  • Our own fed promises a dollar-destroying low interest rate, for another two years. Overspending governments are not interested in a strong currency. They want your currency and purchasing power to be as weak as possible.
  • Technically, the counter trend rally that the dollar is enjoying looks to be headed into mid-October. The move looks to be an oversold bounce and nothing more. A byproduct of the strengthening dollar is a stock market that is in great danger.

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