Just looking over the USD Chart
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Joined: Jul 2001
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From: Stuart, FL
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Joined: Jan 2008
Posts: 143
From: Vancouver, BC
Wow, the relationship between the USD and Gold indices has never been so incredibly apparent. The two look like mirror images right now. Resistance at 78.5 or so wasn't what I expected for the USD though. I'm trying to figure out if its just a wacky Friday or is something else is up...
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Joined: Jul 2001
Posts: 24,416
From: Stuart, FL
Long Bond Collapse is the next major turning point. Once China stops buying long term bonds and funding our debt we'll start monetizing our own debt (printing money). Keep in mind hyperinflation is a currency event, not an economic event if you truly grasp what that means, then you cannot feel safe in US dollars.
Does anyone honestly believe the USD will maintain it's purchasing power over the next months/years? If you do then throw off the swimsuit and jump into the DOW pool (there's no sharks in here, the water is wonderful, come on in), the dow bull is back baby and when we hit that 20,000 point dow you can trade cash that stock in and buy some $40,000 loafs of bread!!!!! Go green shoots!
Does anyone honestly believe the USD will maintain it's purchasing power over the next months/years? If you do then throw off the swimsuit and jump into the DOW pool (there's no sharks in here, the water is wonderful, come on in), the dow bull is back baby and when we hit that 20,000 point dow you can trade cash that stock in and buy some $40,000 loafs of bread!!!!! Go green shoots!
Super Moderator
Joined: Apr 2002
Posts: 2,535
From: VA
Ha!
Reports that the US dollar is dead are premature!
Evidence that the almighty dollar still has some fight left in it! http://finance.yahoo.com/news/Stocks-fall-...set=&ccode=
Reports that the US dollar is dead are premature!
Evidence that the almighty dollar still has some fight left in it! http://finance.yahoo.com/news/Stocks-fall-...set=&ccode=
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Joined: Jul 2001
Posts: 24,416
From: Stuart, FL
Well the news is hard to argue with, 80.9 is hardly what I would consider a "rally", especially considering it never really "shattered" the lower resistance, but hey what do i know green shoots are everywhere!..... keep the faith 
I still stand by my original conclusion, btw, I have always been a little early to the party, it's lost me a few dollars in the short and saved me thousands upon thousands in the long.........
I still stand by my original conclusion, btw, I have always been a little early to the party, it's lost me a few dollars in the short and saved me thousands upon thousands in the long.........
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Administrator
Joined: Jul 2001
Posts: 24,416
From: Stuart, FL
Well now might be a good time to take a look at this topic again.
The dollar is now trading @ 74.267
Gold which has far exceeded the dollar decline (inversely) is trading at record high: 1091.00
My prediction was $1200 by Jan 1 2010 on Sept 2008 when gold was trading @ $700.
I expect the dollar to pick up pace quickly to resistance @ 72.xx, that will be the next breaking point. Gold should easily make my prediction, before xmas for that matter. Gold purchasing has accelerated rapidly, at each new level more buyers show up, India purchased 100 tons from the IMF, Shri Lanka purchased 10 tons today and India is in line to buy another 100 tons from the IMF. Physical is drying up, the South African Mint is sold out, US Mint has sold out of American Eagles.
On a side note silver has not "popped" and is still trading under $20, I doubt we will see the frenzy buying that we are seeing and will continue to see in gold, but I think silver is certainly worth some consideration at this point.
Dollar is starting to feel the pains of "quantitive easing" and a massive US debt.
The dollar is now trading @ 74.267
Gold which has far exceeded the dollar decline (inversely) is trading at record high: 1091.00
My prediction was $1200 by Jan 1 2010 on Sept 2008 when gold was trading @ $700.
I expect the dollar to pick up pace quickly to resistance @ 72.xx, that will be the next breaking point. Gold should easily make my prediction, before xmas for that matter. Gold purchasing has accelerated rapidly, at each new level more buyers show up, India purchased 100 tons from the IMF, Shri Lanka purchased 10 tons today and India is in line to buy another 100 tons from the IMF. Physical is drying up, the South African Mint is sold out, US Mint has sold out of American Eagles.
On a side note silver has not "popped" and is still trading under $20, I doubt we will see the frenzy buying that we are seeing and will continue to see in gold, but I think silver is certainly worth some consideration at this point.
Dollar is starting to feel the pains of "quantitive easing" and a massive US debt.
