"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Tuesday, November 30, 2010

Ticky toc...

The prospects of the 3 Snowmen did not quite melt down even with Uncle buck over 81... Not only have I not sold anything, I have net added over the last week (and today) on the teeny weeny little possibility that the knee jerk into the USD was cooked up, if not by will of man, then by the beautiful symmetry that is the macro Ponzi scheme.

Tick toc...

I mean really, it does not feel like the USD is projecting a deflation event just yet, does it?  Especially emphatically UNconfirmed by the gold-silver ratio as it is?  One's mind might turn to thoughts about all that room USD has to decline before the next bout of QE2 outrage and rebellion against the Fed stirs up.