I think this $700B Failout, will not change anything about the economic condition the US is now looking at. But I think it will add fuel to the devaluation of the US$.
The latest gold charts look pretty bullish from both an Elliott wave perspective as well as candle stick charting. Add panic and possible further US$ devaluation and it’s looking like a good play at this time.
I would be a little careful with commodities in general at this time as unemployment and a world recession will cause a lot of demand destruction for most everything.
