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View Full Version : Is government rhetoric responsible for this


Drambuie
11-16-2010, 12:24 PM
Is the Republican rhetoric on all the news about cutting spending and increasing taxes what is behind the US$ going up and gold and metals going down?

Is this really giving people more confidence in the USD?

Antimagnetic
11-16-2010, 12:30 PM
who cares? long term plan has been revealed, print out of this mess. devalue dollar so we can be "competitive" and borrow more to pay back the debt. these short term fluctuations are not important, unless you are an active trader.

its like buying new tires and giving your old car a wash before calling 1-800-JUNK-IT. :eek:


Is the Republican rhetoric on all the news about cutting spending and increasing taxes what is behind the US$ going up and gold and metals going down?

Is this really giving people more confidence in the USD?

Bruce7Trader
11-16-2010, 12:37 PM
one more dirty deal between the USA and Korea. The Americans were hard pressed to make a deal and Korea was the only target..

WHat a joke B7T:cool:

old european silver
11-16-2010, 12:41 PM
thanks to the euro, the US dollar looks better today then a week ago ... just normal racing to the bottom, this time it is euro-time :p

revitup
11-16-2010, 12:52 PM
[QUOTE=Antimagnetic;1139550]who cares? long term plan has been revealed, print out of this mess. devalue dollar so we can be "competitive" and borrow more to pay back the debt. these short term fluctuations are not important, unless you are an active trader.

I agree, but it is just soooooo hard to take. Five steps forward and four steps backwards and who's making all the money, again and again? and when is it going to stop?

This sort of volatility may scare off alot of investors. As the Euro tanks the race to the dollor and gold is on. If gold can be shown to too hot, all the sort turm $ will go to the shore up US$ as we are seeing.

Antimagnetic
11-16-2010, 03:29 PM
this was true in the past when confidence in US dollar/economy was higher and especially when dollar was bound to gold , during and before WWII - lots of capital ran to gold, USD and together to America, to quality and safety, now its the other way around, capital is fleeing out of USA and USD, away from falling currency and high(-er) taxes into hard assets/commodities. The trend has reversed....

MA has produced some good reading on capital flow..




This sort of volatility may scare off alot of investors. As the Euro tanks the race to the dollor and gold is on. If gold can be shown to too hot, all the sort turm $ will go to the shore up US$ as we are seeing.