I was fuming about Nadler the other day. He was on BNN going on about a Gold correction. He cited that oil is high, the dollar is low as reasons. His theory is that oil will have to come down and the dollar will have to go up.

I've read Nadler's comments for years and he's notoriously bad at predicting the direction of Gold. Perhaps it is in his companies interest to incite fear and selling while the price is going higher? Keep in mind that they buy lower than they sell! (kitco).

Unfortunately, he doesn't understand that the fundementals for both oil and the dollar justify their value and suggest their trends will continue. However, there will always be mini corrections along the way as idiots like Nadler say, "hey, that USD is pretty cheap now, I think I'm gonna buy the USD".

He doesn't seem to understand the basic supply demand equation that is that there has been an unprecidented increase in M3 money supply (the total money supply) of US Dollars.

He doesn't understand that the OPEC countries have been taking a beating on their currencies and with inflation because of the declining USD which they're pegged to, therefore their only way of combatting that is to have higher oil, which means they are not going to do anything to ease oil prices.