Dollar and Gold Rise Simultaneously? Bring On the Flying Pigs

The U.S. dollar gained against other paper money and the price of gold rose? Together?What's next? Pigs flying? Hell freezing over? Cats sleeping with dogs? Republicans working with Democrats in a bi-partisan manner to save the world from a financial collapse?

Comments

[Hutch:]

Being able to vote without holding your nose ?!

2008 Oct 07 05:04 AM

[Mr.G:]

if you are looking for the reason pigs are flying it is simple - the fed is creating new dollars -but so is every CB in the world (or they expected to) so therefore when its calculated how many dollars will be printed compared to other countries to dilute the problem the dollar rises -at the same time the dollars created will make gold more expensive or create future inflationary pressures as well as all the other currencies -and that is my theory why pigs are flying

2008 Oct 07 07:14 AM

[NOWHEREMAN:]

the flying pigs have golden wings.

Foreign, meant Asian currencies are being devalued. They have external obligations to meet but this time around, the Asian Contagion will be the Sale of Dollars to strengthen their own currencies.

Sales will start in ernest if the "so called" flight to safety aka Western Intervention persists.

But they would sell dollars, it would devalue their holdings. If their currencies are at risk, self preservation will kick in. A strong dollar means weak all other currencies and a commensurate rise in their inflation.

2008 Oct 07 08:44 AM

[huangjin:]

Deflation is a beautiful thing.

2008 Oct 07 09:50 AM

[NOWHEREMAN:]

No, it isn't. The Chinese are noted Scholars. History is revered. Please review the last few cases of deflationary effects. USA 1930s, USA early 80s and Japan 90s to present.

Lower levels of Inflation is a good thing.

2008 Oct 07 11:05 AM

[Smarty_Pants:]

Pigs CAN fly --- if they use helicopters.

2008 Oct 07 11:14 AM

[jkgreen:]

SmartyPants, you're thinking of turkeys.

2008 Oct 07 11:24 AM

[User 30121:]

Hey Timmy,

Its called (the beginning of) DECOUPLING! I've been saying this for weeks. Its happening. Don't forget the price of oil is PLUMMETING, and gold is RISING! More pigs flying, maybe, huh? When the DECOUPLING is complete, then GMiki, bearfund, Smarty Pants, and the rest of us (gold/silver enthusiasts) will be smiling...

2008 Oct 07 11:27 AM

[FoxV:]

Its all part of the race to the bottom. And the pigs are flying with bags full of money to their Caribbean banking centers

New slogan for bankers: "Red Fed gives you wings"

2008 Oct 07 12:55 PM

[GMiki1:]

We've had previous decoupling of the dollar and gold. Just not very recently.

I'm not smiling really because people will be hurt, but I do think it's time that a certain elite faction stop cheating the rest of us. The fraud, corruption, lying, and evil doing really should halt. And then Wall Street should stop doing those things, as well as our elected officials. (Insert bad word here.)

2008 Oct 07 01:50 PM

[Smarty_Pants:]

No, I meant pigs. The bankers got the bailout bill (pig with lipstick, skirt, and a halter top) to pass the House by printing up more money (Bernanke's helicopters).

See. Pig's fly via use of helicopters. It was a metaphor. ;-)

And User 30121: I'll be happy because I made money on my deduction that gold will go up in price. If I thought it would go down and it did (and made me money) I'd be just as happy. Call me enthusiastically realistic.

2008 Oct 07 03:22 PM

[NOWHEREMAN:]

You know that it is allowed to use the entire phrase:

"Found under carnal knowledge." To my Knowledge, This how that particular word came into being. Initially, there were periods after every first letter. Then, over time, the periods were discontinued and we were left with a very vulgar word which has been used for centuries in more countries than you believe. It is not an American creation. Wikki it.

2008 Oct 07 03:33 PM

[Hal.P.:]

I've been real surprised too by the simultaneous rise of both the almighty buck and the pretty shiny yellow metal. I think Mr. G and paultaut have zeroed in on the reason. Foreign currency woes have driven the dollar up. But also folk are looking to gold for armor. I see today that gold jumped over $20 at the open. I imagine we'll continue to see a steady rise in it over the coming months as more of the global economy struggles.

2008 Oct 07 06:10 PM

[fran:]

it's sad that the pigs had to pick this circumstance to perform the feat. i was hoping for this miracle to occur with the Cubs/Whitesox world series, in which the Cubs win in 7.

2008 Oct 08 10:36 PM