dollar stays firm, gold should go lower

Discussion in 'Trading' started by ShadowTrader_08, Nov 10, 2008.

  1. ShadowTrader_08

    ShadowTrader_08 ET Sponsor

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  2. I don't get why the dollar is strong other than it is still perceived as the world reserve currency. Meanwhile the FED doesn't want to show where tax payer dollars are going, probably cause they would take a $hit all over Bernanke and Paulie if they found out. Meanwhile the bail out bros are throwing more cash at that bottomless pitt filled with bottom feeders called AIG. I guess the chart tells it like it is.
  3. Why not?

    Gold is mainly used as an inflation hedge, and inflation is easing (because of a deflationary recession).
  4. ShadowTrader_08

    ShadowTrader_08 ET Sponsor

    both of you guys bring up great points, especially canuck where you say stick to the charts. If there was no news and there were just charts, you should still be able to trade.

    One of the biggest problems people have in trading is that they NEED some sort of reason for everything. Forget all that. The reasons don't follow common sense 95% of the time.

    concentrate on the WHAT, not the WHY is what I always remind myself.