It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

LA TIMES: Dump the dollar, buy the euro, sell gold

page: 1
3

log in

join
share:

posted on Jul, 1 2010 @ 03:28 PM
link   
In a volatile session for financial markets as the second half of the year begins, currency traders are dumping the dollar in favor of the euro Thursday.
And the euro’s sudden strength is hammering gold, one of the big investment winners of the first half.

Don't know how to do snippets sorry

LA Times Article




posted on Jul, 1 2010 @ 05:07 PM
link   
reply to post by Bonified Ween
 


He's speaking to short term day traders.

It looks like he agrees that gold is king in anything longer term.

Ultimately, we will all be transacting in gold again when the final blow out of the dollar occurs.



posted on Jul, 1 2010 @ 05:11 PM
link   

Originally posted by mnemeth1
reply to post by Bonified Ween
 


He's speaking to short term day traders.

It looks like he agrees that gold is king in anything longer term.

Ultimately, we will all be transacting in gold again when the final blow out of the dollar occurs.



Don't forget your silver


It is the poor man's gold!



new topics
 
3

log in

join