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Ace Hanlon

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Ace Hanlon

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Re: chainik post# 812

Wednesday, 04/11/2007 9:55:57 AM

Wednesday, April 11, 2007 9:55:57 AM

Post# of 2663
Note that the gold sector is surging today even though the buck is up a bit.

The strength in gold at this stage is bearish for the financial markets IMHO because it suggests all hell may loose re: the buck and infaltionary expectations if Bernanke starts to aggressively cut rates to bail out underwater housing and mortgage speculators.

“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi

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