sedek

Gold/Dollar Ratio Goes Parabolic

Not seeing useful information in the article, as the Euro, and other "majors," is also devaluing due to Trichet printing money like paper is free. The commodities have pretty much all quadrupled, so I read that as the Dollar losing 75% of its value due to FR manipulation and US government deficit and debt. Until Ben Bernanke finally runs out of bp's to cut and as long as the government spends more than it generates in revenue, the Dollar will continue to devalue.

Unfortunately, the three remaining presidential candidates all offer more tax deferments and more spending targeted to their constituencies, so gold or wheat or anything of intrinsic value will continue to rise in falling currencies. For those who dream of gold falling, lock Ben Bernanke in a closet so he can do nothing this week. The Dollar will raise and commodities fall because the markets have already priced in a 50 bp cut.