GOLD 0.51% $1,391.7 gold futures

schiff: more consumption less production, page-3

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    A saying often used by Peter Grandich, (of Grandich publications), to describe the U.S Dollar is - :

    "The only party that does not know that the U.S Dollar is dead is the U.S Dollar"

    For the latest Gold correction, it has been hammered to to false employment figures, the last throes by the panicky FED to keep the Dollar alive.

    The last time the dollar went from 120 to 80, the FED continually lowered rates to 1%, and the dollar only responded to 95, so it is very bearish, after it breaks 80 support it can go to 60.
 
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