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Old 09-15-2011, 03:29 AM   #1



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USD and Gold Correlation

There has been a negative correlation between gold and the dollar in place since March. But that has changed in late July, with gold putting in an impressive upward move followed shortly by a thrust higher in the dollar.

So, can both of these moves hold? How might gold answer?

Whatever happens next, I think any strength in the dollar should be used to move out of US assets. The runaway debt, deficits, and uncontrolled spending and borrowing of the US government have doomed the dollar to eventual destruction.

thx
MMS
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