Dear Friends,

Every day in gold has its own drama with funds chasing the gold banks and the gold banks chasing the funds. All the while the public trading mavens are having their pockets picked, but that is all a game.

The real story lies in the dollar whose future is dismal.

The MOPE on the dollar is risk adverse versus confidence in general markets as the marker to price.

That is only MOPE. The dollar has no future.

There are only 107 days left.

Just look at gold today. With all the drama even today gold traded in an inverse lock step to the US dollar.

Do not get caught so deeply in the emotion that your vision of the future becomes blurred.

The US dollar is going significantly lower.

Gold is going significantly higher.

Respectfully yours,
Jim