Strong Dollar is Back
That whole weak dollar thing was real cute; for a day or two, it looked as if the goldbugs' constant threats of "toilet paper dollar" were again within the realm of plausability. Today, however, reality has returned to the forex market as the euro has lost an entire 5 cents of value against the dollar. King Bucky is again on the rise as the DX is moving sharply higher. While gold and silver are down nicely today, they should be down much more. For all of you who caught the big runs in stuff like SLW, it's time to take profits, gold is heading straight back down to the low 7's and silver is returning to a single digit. Don't argue with King Bucky, when the rest of the world gets scared, they buy dollars.