Steve's Place

[DeepBlue1]

Dollar is still going up, but seems to be decoupling from the inverse relation it's had to gold. A signal that all that money injected into the banks is about to hit the streets?

Everything else seems to be in place such as the libor rates and even the market is looking more optimistic which should bring about an uptick in borrowing/lending sentiment which in turn should encourage all that money to begin venturing out again.

Good for gold and stocks...bad for the dollar and any cash sitting on the sidelines. Time to put it to work in something solid like commodities/gold?

I feel like it's getting awfully close here, and the new Fed programs that is bypassing the banks and going directly toward mortgages and other credit facilities looks good to me and seems to be getting a good reception from the market/public too.

I'm thinking the 600 billion directed at mortgages should begin to put a floor under real estate which was and is the main problem.