Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

"Well, I took the opportunity (at least, I hope it was an opportunity), to pick up some more NEM.
If the POG really does go back to $380 (which is the 200dma at the moment), I think I'll buy another batch of coins.
Now that I think about your reponse, Dan, I guess I should say that the POG always mirrors the $US Index, so my original question could as well have been, why is the $US up so much today?"
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G'morning Public Heel,

Yesterday, it was Germany's Schroeder and today, the French honcho who called for a European rate cut and, imo, that coupled with the Jap forex intervention are the main reasons behind the USD rallying so srongly. It's pretty obvious that some of the dollar bears have been running for their caves.

This too shall pass and the USD will head back down to it's destiny.

I believe we are approaching the point where the PoG won't always mirror the USD index.

I may be a bit early but I started doing some US goldshare buying this morning.

good luck to you.