Hi Joe. Have you bought into NST yet? Anyhow,central banks...

Hi Joe. Have you bought into NST yet?

Anyhow,central banks always intervene in currency exchange rates when it suits their needs. Most recently, the Kiwis just admitted doing so. In fact, the USA has legislation that compels it to intervene in currency markets to protect the US dollar and also legislates the NY Fed to do so on its behalf.

So be it then let it be, but if you don't understand this simple fact then the odds of making a profit from playing the markets just goes from poor odds against to extreme long shot.

Personally, I don't buy gold because it is a logistics and security hassle. Plus, I don't think the world is going to end as we know it; even though we have never seen so much uncertainty in the world order since the 1930s.

However, I do invest/trade in good gold miners using the KISS principle. When POG is high I sell, when POG is low I buy.

Cheers