Bill Buckler of The Privateer is saying that the "Yellow Bulls" (black market money changers) in China are being swamped with USD that they can not get rid of. This has got to be going on in other parts of the world, too. Word travels fast on the Coconut Telegraph.
No wonder that after 6 down days in a row, 4 of them gap down days which have yet to be filled, the USD stops at just below the 1995 low and does nothing but a dead cat bounce as of 10:am Wednesday in the US. ino.com's dollar chart