Friday, May 22, 2009

S&P expresses concern over UK AAA - so pound strengthens!!

Dollar weakens. Because investors are now concerned about US debt. But wait a sec - the concern has been expressed today on UK, not US. It is very strange.

Gold is strong when markets are strong because dollar weakens, and strong when markets are falling apart as a safe haven. Seems like gold is going to cross $1100 this year.  

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