The Dubai Financial Nuke

By Clive Maund
06 December 2009 @ 04:48 pm EDT

We got the heavy reaction in gold that we had been expecting for some days on Friday. The problem is that we also got a big important breakout in the dollar, which we had acknowledged as a significant possibility for some time. This is not good news for commodities and not good news for the stockmarket either as it signifies the onset of a flight to cash such as we witnessed last year.

For more commodities information, go to www.clivemaund.com

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