Saturday, April 4, 2026 
Update from Dubai
Obviously, I am in Dubai.
Despite a significant widening in sovereign default swaps last week, the dollar remains in a downtrend, gold in an uptrend. Therefore, nothing has changed my year end positioning. I remain bullish on gold, silver, and select stocks.
I do not think that anything that is happening in Dubai will be the catalyst for a sudden spike higher in the dollar. If anything, it will cause a move back into the Yen (¥JPY) as the carry currency, as it is least likely we see a systemic devaluation in Japan.
Even better, it will increase demand for the ultimate flight to safety–gold. The move in gold is in it’s infancy. It must go higher. It can’t not.
And the beat goes on.
US Dollar / Gold
so with the Buck just bucking down…what happens to all our cash in savings?
Comment by A — December 2, 2009 @ 11:45 pm
Your purchasing power declines
Comment by Mr. Volatility — December 3, 2009 @ 3:24 am
This headline was made for you…
http://www.thejaylenoshow.com/photos/gallery#item=109652
Comment by Mark — December 3, 2009 @ 5:26 pm
what is the trend that you see in S? even after the spike to $4?
Comment by alpha — December 10, 2009 @ 6:33 pm
The trend is up. No matter what, always have an exit plan.
Comment by Mr. Volatility — December 11, 2009 @ 6:10 am
is the trend in Gold still up after this drop? Would ABX be a good play for gold?
thanks MR.V
Comment by A — December 11, 2009 @ 5:10 pm
need update
Comment by yuqing — December 12, 2009 @ 2:46 pm
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