It’s important to cut out the noise you hear in the media from people who are incapable of looking at events past the duration of a week or so.
The dollar has been taking a break from its long term rally against the Euro, but continues to stay within the trading range that I have been eying for a while.
It’s even possible that the Dollar falls further against the Euro to somewhere around 1.45, and then again rises to levels below 1.20.
Well, what should I say about gold. It continues to rise to record levels, hitting $1344 on Friday, while those who don’t understand the concepts of money and in particular gold during deflation angrily observe the trend with clueless stares.
Treasury yields have hit a 20 month low and are now at 2.38 percent.
The alarm bells are ringing for equities … once more.