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I agree, how does the market explain the USD strengthening...

  1. jmeery
    101 Posts.
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    10/08/07
    07:51
    Post #: 2700843
    I agree, how does the market explain the USD strengthening against the Gold price when the market is panicking about more defaults as a result of Sub Prime concerns?

    Surely that is going to hurt the US economy and possibly lead to the Fed having to cut rates?

    Why would anyone be BUYING USD and selling Gold?

    Call me a conspiracy theorist, but it seems that someone is trying to support the USD whenever it is most vulnerable.

    Market forces will win out sooner rather than later.
    PGM Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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