Spot Gold Price Drop
Arizona gold nugget
Spot gold fell over $48 per once today. Gold has tended to fall when the dollar rises, as the greenback’s weakness gives investors more reason to buy hard assets as an currency alternative that will hold value when paper currencies depreciate.
US employers cut a far fewer-than-expected 11 000 jobs in November, the smallest decline since the start of the recession in December 2007, strongly suggesting the deterioration in the labor market was in its final stages. That news also boosted the dollar against the euro and yen.
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Thanks for the good suggestions I gathered from your website.
An Inflation Bomb is in the process of being built.
The Deflation Bomb exploded last year, pieces are still in the air waiting to hit something.
When the dust settles, the inflationary fuse will have already been lit.
I’m waiting for the dust to settle.
Metal Detectors
Fundamentally, deflation + flight to the US dollar means that its the USD which should continue to rise, while gold will fall. Only when the deflationary pressure subsides {who knows when the fed will stop printing money and bailing out the banks}, and the upward pressure inflation due to the flood of money starts that gold should start moving up.
Gold Prospecting
Well, if it’s decreasing in value, then the dollar will be doing well!
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