Wednesday, March 21, 2007


Gold is near the highs of the day up by more than $4 an ounce at above the $662 level. I have been heavily long gold futures once again this week with a fairly tight stop since I have a large quanity of GLD in the stock market.

Ultimate nightmate for Fed... STAGflation... weaker dollar drives commodities higher.

Dollar index down again.. .33 at 82.78.. breaking the key 83 level. Seems as if DXY is hell bent on testing the the 80 level.

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