MYG 0.00% 72.0¢ mayfield group holdings limited

This will move with gold, more than with Copper.Economic...

  1. 1,484 Posts.
    This will move with gold, more than with Copper.
    Economic recovery is the flavor of the day - that may not be bad for gold but it is not exactly QE.

    Later in the month, news will return to bond markets, and gold will look good again. Though really, US debt is what will drive this IMO.

    If Europe slowly stabilizes, (with just a little more printing) focus will return to US fiscal policy, (regardless of the data), USD is the last place I would be storing wealth LT(unless Europe disintegrates b4 US runs out of buyers)

    Good luck to them if they (US) can turn the trickle of positive data into a stream, hope for the people there, that is the case. The Austrian in me thinks otherwise, however.

    Great thing about volatility - is all the second chances. Need very large bets to take advantage of the smaller moves though, and that is too rich for me.

 
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