Dollar Death Ray #2

The Street, and special circumstances, can temporarily push the dollar higher and Gold lower. However, with no self control existing at the Federal Reserve, the days of dollar appreciation are indeed numbered. With momentum traders at soon to be gone hedge funds pushing down Gold's price, investors should be stepping up to buy Gold. Momentum traders may punish Gold in the short-term, but with the Federal Reserve's balance sheet now out of control that situation can not persist. Total panic in Washington, as evident by the bank bailout bill, is giving investors a rare opportunity to preserve their wealth with Gold at these prices.

Safe Haven | Dollar Death Ray #2

Blogged with the Flock Browser