Like a cork in water. The bank's keep knock in' it down and it keeps poppin' back up to 1200.
Why? What's so special about 1200?
Does the GP look managed to you? Of course it is.
Nothing will change until China reveals its gold holdings. He who the most gold wins. This will be the beginning of the end for USD hegemony. The control of gold will shift to the East and China in particular. IMO Then we are in for a significant GP hike.
The 5-yearly review of the IMF SDR basket is scheduled for this year..it's going to be very hard for anti-China forces to prevent China's role from increasing when it reveals its massive gold holding.
Sooner or later the devastation of the U.S. Economy resulting from three extremely costly and pointless wars and from the nation's borrowing and spending like there's no tomorrow will pull the dollar down. The catalog of sins is long and their accumulative effect will see the of US hegemony. This time there is a real competitor for the role, a competitor which will not be sucked (or suckered) into confrontation.
23.
