Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Thursday, December 13, 2007

Natural Resources Are Getting Shellacked Today

Interest rates are up, therefore the US dollar is up, and gold is down about $20 right now. Ouch! This is kind of odd considering how the Fed is pumping liquidity into the system. In fact, considering the fundamentals, I'm pretty sure this is a counter-trend move.

However, it makes me all the happier that we've grabbed gains with both hands recently.

So, you know what this means -- we have a buying opportunity coming up. The question is when. Stay tuned, and I'll keep you posted.
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