Talk of a tectonic shift in the stock market and the dollar? What do you think? GOLD & SILVERSubmitted by rftbunny on Sun, 06/01/2008 - 11:55
I was watching a an episode of Kudlow and Company the other day as a bunch of market cheerleaders were proclaiming that both Gold and Oil dropped significantly, that all that is bad is over, and they think it is a turn around for the dollar.
I want to see your take on this with oil dropping about 7 dollars and gold falling from 930 to 880? What do you think?
Personally I think they're full of it. The dollar doesn't look strong and neither do the stock markets on their 1 day of gains. Gold and oil do not look weak althoug they did post a short term loss. The long term trends still seem to be headed up. If gold and silver do go down as they say ... I will only keep on buying more and more of it.