Tuesday, June 22, 2010
Dollar Rallies on Expectation of Slow Yuan Rise
Gold, in contrast, is likely to continue climbing (though nothing goes up or down in a straight line). Gold has largely been decoupled from the dollar. The precious metal is now seen as an alternative global currency, or anti-currency.Iran Sets Stage for Clash With Israel
Iran is itching for a fight--up to a point. The Iranian aim is mainly to divert attention from Iran's nuclear program and to further isolate and demonize Israel, which Iran has vowed to destroy.
But a dynamic has been set in motion. Should it spin out of control, the result could be war.
The conflict is coming sooner or later. Appeasement of Islamist Iran has made war with the clerical fascist regime inevitable.
EXTRA: PAKISTAN REVERSES STAND ON SANCTIONS, SUPPORTS IRANSaudi Arabia Hoarding Gold
The oil-rich kingdom's gold reserves are more than double the previous guesstimate, as reported here.
China Confidential analysts dismiss the accounting error explanation as disinformation. Saudi Arabia used the 2008 dip in prices as a big buying opportunity.
The dysfunctional family business masquerading as a country believes only in oil and gold.
And exporting the jihad so as not to be consumed by it. But that's another story.
Wednesday, 23 June 2010
The dollar is again seen as a relative safe haven, which does not bode well for equities.
Iran is testing Israel and the world. Click here for the news.
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