What the hell one more thing.....

Warren Buffet is considered an investing legend. When reports come out that he has taken a stake in a company, that company's stock usually soars. The oppisite happens when he sells out of a company's shares.

Today, Buffet basically came out and said the US dollar, becasue of the US's debts is toast. How did the dollar react to that? It yawned. Another possible point to the dollar getting a little help from its friends?

In a few hours the BOE will decide whether it will cut rates or not. The smart money says they cut as Europe is almost as bad as we are. After that, Trichet will prolly ease up on his hawkish tone on rates and cowtow to the markets. Now, in theory both events are extremely bullish for gold as yet even more liquidity is going to rain down on the planet. But, my playbook for tomorrow, as I am flat all gold stocks with the exception of NSU, if for gold to have a down day, as I would suspect all this "great" news out of Europe will be dollar bullish and we know that means pain for gold. Just another example of the natural element of this market at work.

However, at some point, I would think the dollar and gold will rise up together one day as the liquidity just keeps a comin'. But not just yet.