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Re: Dollar surges...more
posted on
Dec 17, 2009 08:30AM
Hi Pic,
S&P downgrades Greece and caused the rush into the USD. Same ole story. Some say gold is in phase II but it acts like phase I whenever a an economic story breaks that is negative. There is still (whether we agree with it or not) the tendency to sell gold and buy the USD on any hint of a crisis. Still waiting for the day when gold moves first and other markets follow.
