Replies to post #35116 on The Black Box

[dieselfuel]

Fletch, the problem I see with gold is, it no longer backs the US dollar. If it did, gold would probably be over $1500/oz. by now, at least.

If gold can't move in this kind of enviroment, when can it?

The dollar's strenthening, because when the world starts to fall apart, everyone runs to the shelter of the Good Ol' Mighty USA. :~)