Wednesday, September 10, 2008

Equities -> Dollar -> Gold and Silver

So much for a double bottom in gold. This whole gold, silver, US dollar scene is whackey considering fundamentals for the dollar are worse than ever and fundamentals are better than ever for gold and silver.

A possibility to watch for that could end the dollar's upward move and start gold and silver upward moves are US equities. The Dow and S&P are looking weak.

S & P:


If foreigners start selling US stocks, they get paid in US dollars. They then sell US dollars to buy their home fiat tokens.

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