From Barron's Online comments section:
Imagine that you are a central banker and can buy gold for free (by printing your currency). You know that when things go badly for your currency you will have gold to back it. What would you do? The future seems bright for gold.
From the Shanghai Daily (dot com):
It is getting harder for governments to buy United States Treasuries because the US's shrinking current-account gap is reducing supply of dollars overseas, a Chinese central bank official said yesterday.
----(case for a rising dollar? Not if they don't want to buy more US debt)
From Robert Minkowsy (trader):
NDX at new high. BIDU tracking lower beneath its 50 DMA. Worrisome divergence.
----(BIDU was a Nasdaq leader so its fall from grace is a tell)
2 comments:
Not to mention unfunded social medicine in the not too distant future!!!!
I have to try real hard to separate my views on the government's actions from my views on investing.
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