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Dollar continues to fall

Sept. 10

The dollar fell against other currencies and most assets for the 6th straight day. The dollar index fell as low as 75.51, the lowest in almost a year. Gold holds around 1000.


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"Those who make peaceful revolution impossible will make
violent revolution inevitable."
John F. Kennedy

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"Those who make peaceful revolution impossible will make
violent revolution inevitable."
John F. Kennedy

SteveMT's picture

BumP: Gold & silver continue northward journey.

Metal Bid Ask
Gold $1,004.40 $1,005.40 up 8.60
Silver $16.83 $16.88 up 0.20
Platinum $1,286.70 $1,296.70 up 6.00
Palladium $291.40 $296.40 up 2.00

Updated:9/11/2009 8:00:56 AM CST


Yes and I have a bunch of them in hand

as insurance against a rumored "bank holiday" so I'm between a rock and a hard place watching the life blood drain out of my paper while trying to maintain maximum liquidity. I shouldn't snivel though because at least I have something while many have already gone broke.

My Blog:

New Hampshire and Ecuador.

Me too

For what it's worth, I'm 20% gold and silver, and 5% natural gas. The gas is new. So far so, so good. I bought at what is the bottom so far, but it's only been five days. Knock on wood. I also have some out-of-the-money puts on GLD just in case there's another big de-leveraging event. The rest is in FRN's. I am kicking myself for not buying even more gold and silver when gold was under 700 a few months back. Luckily, I do not kick hard. I also chickened out of the big stock market rally pretty early. I hate to play the Bigger Fool theory.

Face it. The government and Fed have made speculators out of us all. No way around it. Federal Reserve Notes. Can't live with them. Can't kill them.

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"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln