Between stocks, gold, and US $$$ — Somethings gotta give eventually
By Daniel at 16 November, 2009, 8:37 pm
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As some of you know, I’ve been trading stocks since the fall of 1959. I mentioned this because I have never, never, never….. seen gold go up as much as we have seen the last number of sessions while the market goes equally higher.
Of course the dollar is too blame because of the Fed policy to keep interest rates at near zero for the rest of time.
This will work as long as the debt bond auctions continue to go well. Although there are hints all over the place that this may be short lived, you (if you are a trader) have to go along with the program.
There will be a lot of tears when the carry trade reverses as it always does. Until than enjoy the rally especially if you own anything with the letter “C” in it (for commodities).
Very sad, and it will end very badly.
- Tooldtoknow
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