GOLD gold futures
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Dollar index looks like its heading for 88 .. tough times ahead...

  1. nosurprises
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    18/05/13
    11:29
    Post #: 11779973
    Dollar index looks like its heading for 88 .. tough times ahead for gold. HUI and GDX are going for a test of GFC lows. The only hope for gold is if a US dollar crisis occurs or rampant inflation suddenly appears. I'm expecting high cost mines to be shut down, smaller miners to go bust or change into some other industry. If the big miners start hedging again its game over.
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