Thursday, July 30, 2009

GOLD SHOULD RISE FROM HERE AS THE DOLLAR HAS FALLEN


Dow and Oil are higher
Yen is down
Both supportive of gold rising
Bonds have been sliding lower since their
recovery after their big auction sell off.
This is good for gold too in two ways.
First, it means interest rates are up which is not
good for the economy and therefore good for gold
as a safe haven. And second, it means funds are
moving into gold rather than bonds as a safe haven.