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<p>[QUOTE="fatima, post: 1328937, member: 22143"]Well.... His prediction was wrong. Gold closed lower than his trigger last Friday yet instead of collapsing to $1435 or even $1100, it's on the rise again. Without giving a rationale for his predictions he is just another dog yapping at the moon. </p><p><br /></p><p><br /></p><blockquote><p><i>"He feels that the eurozone mess is making the US dollar stronger...even with the US Treasury and Ben's Fed trying to push it down, a stronger dollar in his reasoning means commodities in terms of the US dollar a less expensive."</i></p></blockquote><p><br /></p><p><br /></p><p>So my question is this. If people are so willing to believe that the Fed is manipulating the $ to make it stronger or weaker why do they reject the simple premise the Fed manipulates the price of gold & silver? Answer: They see what they want to see. Gold got pushed down in December because the central bank lease rate for gold were changed to negative on two separate occurrences. It's a gold delivery month.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1328937, member: 22143"]Well.... His prediction was wrong. Gold closed lower than his trigger last Friday yet instead of collapsing to $1435 or even $1100, it's on the rise again. Without giving a rationale for his predictions he is just another dog yapping at the moon. [indent][i]"He feels that the eurozone mess is making the US dollar stronger...even with the US Treasury and Ben's Fed trying to push it down, a stronger dollar in his reasoning means commodities in terms of the US dollar a less expensive."[/i][/indent] So my question is this. If people are so willing to believe that the Fed is manipulating the $ to make it stronger or weaker why do they reject the simple premise the Fed manipulates the price of gold & silver? Answer: They see what they want to see. Gold got pushed down in December because the central bank lease rate for gold were changed to negative on two separate occurrences. It's a gold delivery month.[/QUOTE]
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