What Good is Making Money in Gold?
Many international members of the gold community are asking this question. For them, and for the US gold community, this question is quite important. Firstly, the appreciation of gold has already, and will continue, to outpace the depreciation of the dollar. However, that is no reason to take a loss on the currency even if your currency of domicile is the dollar or on the conversion from the dollar back into the stronger currency of the international gold investor. There is no sound argument that would give us a strong dollar and strong gold at the present time. The Euro looks technically bound for the $1.20 range (presently 105) as the dollar looks at least into low .80 in terms of the USDX (presently 101.98). It could go as low as .72 technically. There is a strong possibility, bordering on a probability, that the US dollar is the real target of the Al Queda war strategy. Could it be that Al Queda knows more about markets than the present administration in the US? There is a techniqu
