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Re: Gold--and the dollar...Hugo *PIC*
Posted By: Wayne Fisher In Response To: Re: Gold--and the dollar...Hugo (billward)
Date: Wednesday, 7 May 2008, at 4:36 p.m.
Bill...I noticed Gold tended to come off it's lows later in the day and the Dollar had a little gap in the chart that I suspect will be filled in the am...this makes me think lower dollar and higher gold tomorrow...but that generally means diddly.
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I heard that a fed guy came out today espousing increases in rates to fight inflation...I think there will be a fight over this because some argue that increasing rates would be the wrong thing to do. personally, I have always argued that rate cuts will not solve the problem and now it has sparked inflation.
I didn't hear about the consumer debt but that, in my opinion, is never a good thing...how they decide to deal with it is beyound me.
Over the longer term, I don't see how they can keep from raising, thus boosting the value of the dollar...like you say...time will tell.
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