It’s been an interesting week with Spain being downgraded as the Europe debt crisis widens. This has investors looking at the US dollar in a new light, thinking that maybe it’s not that bad of an investment after all. This sent the US Dollar higher along with the price of gold so far this week.
In the past seven days we've seen the US dollar and gold rise together, which isn't something that happens often. With financial crises popping up around the world, I think the US dollar and gold will continue to strengthen (with corrections along the way). If issues arise in the financial markets, I think it will take another 12 to 24 months before another wave, and until then we just continue to focus mainly on buying the dips and corrections with the occasional short play in the larger corrections.
