ACTUALLY BE BULLISH FOR GOLD AND SILVER THIS TIME. I just have a gut feeling that the metals go up this week.I assume if the Yuan is stronger, the dollar is weaker. Whatever, it does not matter long term.
I agree with your gut feeling. I also believe gold & silver will move up this week. Supply is tight, and physical demand is red hot.GLTU!Patriot
You're saying the China Rate increase will likely have a similar fate this time as the 'Increase' in the Silver Margin requirement on the Crimex Futures positions?I think you could be right..
As long as it doesn't drag its old cell mate, the dollar, there's a chance..........
Why would the dollar be weaker?
the reason the dollar would be weaker is that the chicomms are offering higher interest rates with a rate hike. Therefore their currency has strengthened. The US can't raise rates and therefore it in theory and in fact practice, makes for a weaker currency.
Thanks for your words of encouragement.I think you could be right...