Dollar Stronger over Weekend

The tensions in the mid east have caused dollar bulls to bid the dollar higher. After all, it is the preferred currency (major reserve currency of the world). Of course, this is smoke and mirrors, but many folks and banks continue to run to the dollar for safety. They have done it for so long, most do not know any better. It always amazes me that this habit is so ingrained in the world in spite of the fact that the dollar is the currency of the nation with a debt level that is astronomical in comparison with history and that of the current other nations of the world.

Thus, gold has yet to go as far as I thought it might this week. For the last 24 hour, gold hit a high of $676 this morning at 3:17 and a low of $650.40 at 9:18. It is currently $653.60.

From the morning reports, it seems that Iraq is requesting the U. S. Forces to remain to keep order. That is a switch in reported thinking. I thought that everything was settled down in Iraq and Afghanistan. Not!

I will be out of pocket for over a week, so have a great time resting in the Lord.

Best to each, Doug