Buy this gold dip
Gold @ $1580/oz recovered $20+/oz after massive selling @ LME trading hours. All of the sudden gold is not a safe haven and USD is? Future traders are taking the FOMC meeting as a trading opportunity and it happened last time after Fed's operation twist. Silver dropped from $42 to $26 in 3 days !!!
Central banks oversea will be buying gold as US debts is also in its insolvency even though it has no problem borrow more (with the Fed's buying).
EU is now dealing with its pain, even though the problem is difficulty in execution. Lots of criticisms but at least it is trying to deal with their issues.
US is now encouraged by the market to borrow more with stupid low yield rates on T-bonds. It is a crowed trade and it will eventually become a bigger problem than sovereign debt crisis in EU zone. Silver $26 ~ $28 is a buy, too ...