It is amazing to see US dollar continues to go up when US is heading towards reccesion and more banks or companies are going to get into troubles well the whole US seems to be in trouble yet foreign investors and governments are buying US dollars and continue to sell their own currencies as their countries are in toubles too, I think that could be the logical explanation but like anything eles one day the same people will start buying back their currencies and when that happens US dollar will get smashed and their country will enter deep reccesion only then perhaps gold will trully fly, it has to happen like in 2002 2003. Like anything that goes up must come down, and the only reason US dollar keeps going up has to be buyers there are a lot more buyers who believe in US dollar as security, that defies logic how can anybody believe in the US dollar when they have so much problems??? LGL looks a bit sick but in the meantime gold just dropped again last friday in the US.
Like anything that goes down must eventually go up as I said before, well eventually LGL will go, unfortunately with weak gold price and market that keeps going down at this point it looks a very difficult situation as the index will make stocks goes up or down too.
Good luck all the traders or gamblers...$$$$$
LGL Price at posting:
$1.97 Sentiment: Hold Disclosure: Held
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