Media Touts The Dollar
Got a little chuckle from the following at Bloomberg this morning. Guess they think all is going to be okay. We have printed our way back to prosperity. LOL
Gold May Decline in New York as Stronger Dollar Reduces Demand
Nov. 29 (Bloomberg) -- Gold may fall in New York after the dollar rebounded against the euro, curbing demand for the metal as an alternative investment.
The dollar climbed to a two-month high against the euro as European governments handed Ireland an 85 billion-euro ($113 billion) aid package. The U.S. currency has gained as concern that military action on the Korean peninsula will escalate boosted demand for the dollar as a refuge. Gold, which typically moves inversely to the greenback, reached a record $1,424.30 an ounce on Nov. 9.