us$/oil/gold breakdown

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    Dollar continues strong. A lot of folks here don't realize that the Ides of March are coming. The US Fed is going to keep on raising rates, currently 2.25%, next step 2.5% and then possibly thru' to between 3-4% during the course of 2005 because the economy is as strong as a raging bull. This will be TOXIC for gold and Aussie specs/producers. The Eurocrats/Buffet/Soros have been pushing Euro and shorting US$ BUT it gets a little difficult when Germany reports its highest unemployment rate since 1933?? Watch out for bear raids on a number of resource issues.

    Oil inventories continue to rise in U.S. Although oil still looks strong, more likely to trade downwards into $40-45 band.
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