chart, page-72

There are a couple of things to consider -

a. charts don't work if you only look at one chart

b. the USD is on a major trend line support at 77.0, copper is on a trend line resistance at 4.565/lb, and gold ... well if you look hard enough will find it is on the lower side of an uptrend support channel

c. ultra low interest rates are almost obligatory from the US since they are morally obligated to return some opportunity back to the banking sector (those outside of the US) for blowing up their balance sheets in 2008.

this confluence is quite interesting. it does provide any certainty, but at least you'll know where to short and where to go long if the USD shows it;s hand.

USD has closed the gap from Monday. Will it keep going to be a safe haven? Who cares, but the gold trend is with it at the moment.

as for believing any of the MSM BS, well that's for you to decide on your own. my fortunes live by the trends. Every time they want to take down the EURO, there is some story on the EUR crisis somehow - this time Egypt. Freaky hey.

you know what gold stocks will do today don;t you. this is STILL a monetary event in any case and the role of gold is being reinvented (again) because the tolerance for the USD is waning.

The US monetary policy is not hurting the US at all presently, but it is inflating (depreciating) every other currency while it has the chance to.