Gold News is the World Bonkers?
I think you will admit that we
happen to be in the center of
one major insane financial mess. The
part which makes things really crazy is that it’s not merely in the usa
anymore but rather serious global problem which if not handled
properly could change the way we live our lives going forward or
possibly even spark some type of war, hopefully things
don’t get that crazy… But I truly do know one thing. Fear is the most powerful force
on the entire world and people do some
crazy things when they are backed into a corner.
Anyways, on a more positive tone… today China decided to help provide
more liquidity for the financial system along with the central banks.
This news triggered a monster rally in overnight trading making the
market gap up sharply at the opening bell. This news did hit the US
dollar index hard sending it sharply lower but the question remains
“Will today’s news be a one week hiccup in the market?” If Euroland
starts printing money it will likely send the dollar higher and stocks
lower for 6- 12 months. All joking aside, let’s take a look at the
weekly long term charts…
just click
here to view charts!
Good Trading!
Guy
