Tuesday, April 20, 2010

U.S. Dollar Update

(click on chart to enlarge)


  1. Bill Murphy alluded to some new developments about to hit and Jim Sinclair said we are on the verge of another Gold price spike. Any additional insight here Dave?

    Joe M.

  2. It's a good question. A couple of the analysts I have followed and respected believe that we are on the cusp of a big move higher.

    My own "sniffer" smells the same thing, and I believe it's because of the flight from paper bullion to physical bullion.

    Remember Hong Kong (Govt of) announced they were going to move their gold from London to HK last Sept? They recently announced that they were executing that plan...

    I think GATA's presentation at the CFTF hearings opened up Pandora's Box on paper/fractional gold.