QEasy does it

QEasy does it
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  • A sliding dollar is of no help to sensitive commodities, all tumbling in early trade. GLD -1.4%, SLV -2.2%, USO -1.2% premarket.  [View news story]
    Gold is just consolidating here. Needs to shake out the weaker/spec holders. A weaker $ is definitely gold supportive and when Ben cranks up the printing press in response to the fiscal cliff, gold will go parabolic. With US, Europe and Asia all trying to print/inflate their way out of trouble, gold is only store of value left.
    Dec 4, 2012. 11:23 AM | 1 Like Like |Link to Comment
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