Saturday, March 2, 2013
Some Saturday news
Calculated Risk - US light vehicle sales still were up in February. Data, bitches! It's there and it's mocking your theories.
Mining.com - GLD investors are dumping 10 tons Per DAY!!1!!!one! Hm... and yet gold finished this week at... $1576.80? That's pretty darn good, eh? I wonder who's buying all this extra gold? I wonder if they're ever going to sell that gold that they've bought? Maybe it gets socked away somewhere never to be seen again? I'm only saying....
Biiwiii - Euro downside target achieved. So with that, and the Yen trade done, does that mean the USD stops going up? Or is it now going to go up versus the Pound?
Speaking of which,
Gold looks boring in pounds and strong in Yen. The only currency it looks weak in is Euros right now. Just in case you forgot that there are other countries in the world.