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Commodities take a beating as stockholders prepare for disaster.

05 February 2010

Posted by phinsup

Please look back at the post I made just a couple of days ago... what did I say?

The dollar is in the midst of almost comical rally, closing above 80 today. Horrible data is coming out all over the place and it's not getting better any time soon. Have the dollars fundamentals changed? No, other currencies are melting down around it and...

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Gold goes up over $24 on budget deficit news.

01 February 2010

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Posted by phinsup

Nothing to see here really, we'll see if reality sets in on the dollar. Gold spiked, however the dollar only saw a small dip. It would appear that gold has a pretty solid footing around 1080, everytime there's downward pressure, buyers show up in droves. bottom at 1080, top resistance around 1225, if we can break through that it's...

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