Recall that over the last few weeks, we along with maybe a couple other guys were getting bullish the dollar. Well a few more analysts have joined the chorus as Uncle Buck turns up from bottom line of bullish falling wedge. Whole world still convinced the dollar is a goner however and dat's bullish. As stated many times, we hold 'core' gold miners regardless, but are hedged with a strong dollar fund and Yen etf (not yet working out, but patience may prevail here).
Tuesday, May 22, 2007
Gold & the USD
Recall that over the last few weeks, we along with maybe a couple other guys were getting bullish the dollar. Well a few more analysts have joined the chorus as Uncle Buck turns up from bottom line of bullish falling wedge. Whole world still convinced the dollar is a goner however and dat's bullish. As stated many times, we hold 'core' gold miners regardless, but are hedged with a strong dollar fund and Yen etf (not yet working out, but patience may prevail here).
