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<p>[QUOTE=&quot;InfleXion, post: 1441089, member: 29012&quot;]I am not making the case that it&#039;s not so bad, merely pointing out why the dollar is stronger and having a greater impact on prices here than over there. For the record I have no vested interest in promoting precious metals aside from not wanting other peoples&#039; wealth to be stolen thus requiring them to be more dependent upon people like us who do have precious metals.&nbsp; </p><p><br /></p><p>I am making the case that the current price action is due to the European situation (Greece&#039;s bills due tomorrow and they are going to have a hard time) which is doing two things, bolstering dollar strength as the safe haven currency of choice when people flee the Euro, and also creating a liquidity crunch as everything is sold off to free up cash (evident in stock markets as well), both of which create headwinds for metals. </p><p><br /></p><p>I&#039;ll requote my original post since we are veering off point from what I was shooting for, and I feel it is important to note how far metals dropped in 2008. We have not yet experienced that magnitude of a drop since the highs last year. It has happened before without impacting the bull market, so I don&#039;t see why it can&#039;t happen again.[/QUOTE]</p><p><br /></p>

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