Dan Walker

Applying the Subprime Collapse to Gold, Silver and Commodities

If you look at the foreign reserves held by the Fed, you will see an increase of $100B when gold dropped. The other central banks (all of whom operate on fiat currency) pushed the dollar up. This was just to get dollar-denominated commodities back in line. That is now pretty much moderating, so wait until January and you can buy the stocks at a much bigger discount.