Folks keep on watch the meaningless DOW and mean while the real story is staring them in the eye. Gold fresh new highs and the US dollar at a 15 month low. The low prolonged interest rates is essentially weakening the currency as it is look upon the deep pockets as a sign of weakness that the FED is not willing to raise interest rates.
Gold is up almost 30% year to date and that's nothing to sneeze about and is outperforming the market over the last 5 years at a rate of more than 10 times.
We will see what happens but I am sure this house of cards will fall. I have a family emergency and I am just popping in.
Stay light like the volume :)
MARKETJEDI
Wednesday, November 11, 2009
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