Friday, March 20, 2009

Comment on $gold, $silver, and the Dollar index...

Although I've said repeatedly that these previously posted charts are 'young', being all in the vicinity of their .250 nodes, the government's plan to monetize the debt is so ridiculous and extreme, that the fundamentals here, could override the technicals. Meaning that the dollar could start to collapse here, and the precious metals could soar, even though normally they would waste time in a sideways correction until a .500 node was reached. So be forewarned, we are in uncharted waters, the inmates are running the asylum, so anything could happen.

1 comment:

sandy s. said...

what is your current opinion on the metals...