Message:

<p>[QUOTE=&quot;Bluesboy65, post: 1111728, member: 23329&quot;]There have been many recent global events from Euro zone problems to middle east issues that have caused a &quot;flight to safety&quot;.&nbsp; I heard some commentary and read a news article about the recent &quot;flight&quot; prompted by the events in Libya.&nbsp; The interesting thing is that some of the money is going into US treasury offerings, more going into gold but for those who opt to go into cash, people are choosing to move into the Swiss Franc vs. the dollar.&nbsp; As a result the dollar index is moving lower (currently at about 77.16) against the Franc and even the Euro.&nbsp; The reasons cited for the move into Franc&#039;s instead of the dollar are US fiscal problems and mounting deficit spending.&nbsp; </p><p><br /></p><p>There are so many factors in play right now that can move markets up and down based on the day&#039;s news.&nbsp; So the recent flight to the Swiss Franc instead of the dollar does not spell doom for the dollar but is not insignificant either.&nbsp; We are living in very interesting times and there is a lot of turbulence out there.&nbsp; I expect a healthy dose of volatility in the price of gold and silver this year but I do think we are headed higher; just too many destabilizing factors to calm the fear trade.</p><p><br /></p><p>Regards,</p><p><br /></p><p>Bluesboy65[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in