So what are we to make of the USD and its over bought readings on hysterical euro angst? Given the dollar and euro extreme status, markets can rebound at any time upon reversal of the situation in the two major and competing worthless currencies.Gold and to a lesser degree silver have been safe havens. Will they continue to drop if Uncle Buck does so? What, for a day or two? It says here that a euro reversal (if it manifests and you can't get much more bad news baked into that cake short term, can you?) is likely to bring very short term pressure after which gold will prove why it is the preferred asset in all currencies in a world dependent on inflation onDemand.
