Thursday, February 09, 2012

 
 
 

 
 
 
 
 
How to safely trade gold AND the dollar
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Monday, December 21, 2009
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From Sovereign Man:

... As I survey the situation, I’m convinced that gold is nowhere near peaking exactly for this reason. In a flight to safety, institutional money still flows into the dollar. Gold will not truly break out until there is a bifurcation in investors’ mentality regarding safety.

To put it more clearly, when worried investors start piling into gold instead of the US dollar to protect their assets, this is the sign that we are charging towards the top.

For now, it’s not happening yet, and that’s why I recommended going long...

Read full article...

More on gold and the dollar:

Dollar BREAKOUT: Big rally continues

Jim Rogers is loading up on the U.S. dollar

Commodity strategist: Gold to "super spike" in 2010

Topics: Gold | US dollar | Commodities
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