UH-OH.......

The basic message from the G-7 on Friday was a stronger dollar vs. the world's major currencies. Now they have said this before and the dollar has continued its slide. However, this time, at least according to published reports, the communique' had an added urgency. So this time, basically, they are saying they want a stronger dollar but this time they really, really, really, realllllllllllllllly, mean it! (God-Dammit!!).

Like the IMF gold sales, the intent over the action is what really matters here. Yes, the dollar will prolly get a bump on Monday causing gold to fall below $800, but like everything else that has to do with the United States, it all goes back to the fundamentals. And as we all know they suck.

Could you tell I was a little more than pissed yesterday? It was more of the same in this gold market. GE shits the bed, the dollar tanks, gold while having a real nice rebound from the overnight lows, manages to go a bit higher, then crashes back to those overnight lows before rebounding to close down about $4. The equivalent of what happened to gold would have been if GE was up $4 instead of down $4. The dollar tanked, (but of course managed to cut those losses by more than half) crude was up .20 and gold was down. Now this type of stuff happens, I get that. But, you can't have gold selling off everyday no matter what happens with the dollar and crude. And, I pray to Buddah every single night that gold finally starts acting on its own volition. Hasn't happened yet. Maybe praying to another God might work?