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<p>[QUOTE=&quot;desertgem, post: 1269733, member: 15199&quot;]I think that the Asians and Europe did it by leaving everything for the safety of the USD. Since the Swiss pegged to the Euro, The USD has increased it strength to over 79.0 after being proclaimed &quot;dead&quot; by the bullion pushers. And it is more the non-US problems that is causing this. One has to consider ( whether you accept it or not) whether the stories of people and commercial firms of Asia and Europe&nbsp; preferring gold as a safe haven and a preservation of wealth than the USD or Swiss Francs ( before the pegging) are true. When ( and no one really knows, 2 months or 20 years) things swing, I suspect world stocks will be the big gainers other than PM. Today, stocks world wide are down&nbsp; some over 7% and yet gold is down&nbsp; $70. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" />&nbsp;&nbsp; Be cautious about buying PMs or stocks based on expectations of rebounds or seasonal buying, we are in a world financial problem that ( IMO) will get worse before better. </p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>

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