Safe no more?
In time like this when not only is the shit hitting the fan but knocking it right off the table, things that once were safe become dangerous. As the nasty reversal in Gold has just illustrated. Yes the US dollar is about as strong as the Zimbabwean dollar but its not always about Fundamentals. When things look scary such as now and when a market falls in love with something like gold *when* the break comes it can be very damaging. This is probably not it as we all know this thing will be worth $2000000000 soon right?
Can't believe I missed that set up there. Stupid sleep...
That's bread and butter stuff for me.
Posted by: Glen | March 20, 2008 at 10:59 AM