THE US DOLLAR IS KILLING THE "YEN", THE EURO AND GAINING ON OTHERS, BAD FOR GOLD!

by ÁrbolesdeArabia 1 Replies latest social current

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  ÁrbolesdeArabia

  The Japanese have been helping get the YEN above Par $1 equals 100 YEN, and the USD blew right through the YEN on Thursday 100.6 Yen to $1.00 with no problem! The Japanese are going to have a edge with exports but their currency will have problems purchasing Crude Oil which is remaining very constant priced.

  Gold Bugs are going to get hammered, those who are stakeholders in the companies extracting the Gold at $600+ a ounce, are heading into the classic crushing they are finally due! What's your thoughts Gold Bugs and let's get a good talk going!

  I think we talked about this a year ago, did we not?
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  5go

  Um let me see still at 1400 dollar an ounce when I got in back in 2000 it was bellow 300 ouch they are feeling it. If it fell back to 600 they would still double their money if they were in since 2000. BTW not likely to happen and I am in silver now. Might get back into gold but I am a numitist it would be for collecting not investing anyways.