Saturday, August 16, 2008

When the going gets tough...

... global money flees to the currency of choice. Here's a big heart-felt thanks to Russia for strengthening the dollar!

1 comment:

XWL said...

My father has a pretty reliable predictor of gold prices. The price of gold is inversely related to the number of ad buys on FNC from firms pushing gold investment.

When every commercial break has at least one, and sometimes two, spots on investing in gold, then you know it's time to sell.

(the theory being that these firms know that they're near a peak, and are trying to get as many suckers to buy at the peak price before the commodity tumbles)

(plus, for whatever reason, FNC attracts the advertising dollars of these firms far more than CNBC, MSNBC, or CNN)