Coelacanth

You Can Get on the Gold Train and Ride the Dollar

Chux08,

Did you fall hook line and sinker for Jim Rodger's advice to "dump the dollar and get long gold"? You do know he's been long gold for 10 years now right? How's his advice working out for you lately?

It's pretty clear you're not a trader. Did you really believe an over-valued euro was sustainable? How intense do you think images of people in emerging countries rioting over food prices had to be before there was the will to ease the pressure? Do you really believe there would be any airlines left in a year from now at $146.00 barrel oil?

What you're seeing is the pent-up capitulation of unsustainable global macro-economic imbalances. That's o.k. though.....I'm sure you've been "buying gold on dips" because you know all this nonsense about a stronger dollar will blow over eventually. Better to be right than to make money though right?