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Re: risk on post# 33817

Thursday, 06/16/2011 9:52:31 AM

Thursday, June 16, 2011 9:52:31 AM

Post# of 101798
Greek bond yield 30% and the dollar is up as Greeks switch into a "safe haven" They must know that the dollar is going Greek. The world seems to think the $ is safe (relatively). Even Jim Rogers is long the dollar. It is a long fuse toward the dollar's demise. QE2 ends in a couple of weeks then we get a collapse of bonds and high rates or we get a remamed QE3. Either way we have a worthless currency and gold will resume it's climb to what 5000, 12,000? And SNEY will rise further with the tide of intrinsic value.
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