Preview from Europe: Another Rollercoaster Day on the Markets [View article]
Geithner put a Bullseye on the USD. Gold answered his call to Depreciate the dollar. The other commodities did not join the fray, they did not appreciate as much.
If the Chinese take it as Political Grandstanding, the status quo will be maintained a bit longer.
But what Gold did in response is just a forerunner of what will eventually occur.
Maybe Geithner thought the USD would drop. Instead it held firm and Gold rose instead.
The economy is to fragile for this sort of misguided rhetoric. IMO
Preview from Europe: Another Rollercoaster Day on the Markets [View article]
If the Chinese take it as Political Grandstanding, the status quo will be maintained a bit longer.
But what Gold did in response is just a forerunner of what will eventually occur.
Maybe Geithner thought the USD would drop. Instead it held firm and Gold rose instead.
The economy is to fragile for this sort of misguided rhetoric. IMO