Francis Schutte

Keeping an Eye on the Dollar, Gold

We cannot buy the Deflation scenario sold by the Authorities. Billions have been injected both by the FED, the ECB and the UK. Monetary inflation always resul tin pice inflation whichever state the economy is in.

Having said this, we suspect the PPTeam to do whatever is requested to keep the Chinese, Japanese and other holders of US dollars and treasuries happy as long as possible.

Last week the Saudis bought $ 3,5 BILLION of Gold. Would they suspect something?