“In 05 the Dollar index started its gyration around $90 and at the same time Gold started its rise and gained $200. Gold held its gains and added another $100 while the dollar continued down to $80. In 07 where the Dollar broke down to just above $70 the Gold again rose to nwe highs over $1000. Currently Gold is holding its $300 in gains while the dollar approaches $90.”
September 1, 2006
- First interest rates rise affecting the drivers of the US economy, housing, but before that auto production goes from bull to a bear markets.
- This impacts many other industries and the jobs report. An economy is either rising at a rising rate or business activity is falling at an increasing rate. That is economic law 101. There is no such thing in any market as a Plateau of Prosperity or Cinderella – Goldilocks situations.
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“With Iran moving into GOLD, Mahmoud Ahmadinejad is following the path that Saddam Hussein tried in order to protect Iraqi interests, only to have it cause the unleashing of the “Hammer of the Gods”.”
Iran switches reserves to gold: report
TEHRAN (Reuters) – Iran has converted financial reserves into gold to avoid future problems, an adviser to President Mahmoud Ahmadinejad said in comments published on Saturday, after the price of oil fell more than 60 percent from a peak in July.
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