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2008-12-15

GOLD - Hit back to USD 827 ( RM95 per gram )















Gold price will go higher due to the massive de-leveraging of hedge funds and the scramble for liquidity (in the form of US Dollars) had been buoying up the US DOLLAR INDEX for several months, but that appears to have ended. The dollar has made a series of lower highs and lower, marking out an undeniable downtrend.

If you think the dollar is popular now, just wait until the $8 trillion plus of inflation slammed into the system already expresses itself in prices next year. You may see eggs at $12 a dozen. The US Dollar has the same future as an arm-garter manufacturer in 1925

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