Wednesday, February 27, 2008

US Dollar Index

The US dollar index broke below 75:

One Year US Dollar Chart
A one year chart of the US dollar

5 Day US Dollar Chart
A 5 day chart of the US dollar

Dispair at US Dollar Index
Some are in despair but should have seen it coming.

"Gold is probably one of the most misunderstood investments of our time and I think that is by design. You see the popular misconception about gold is that it is a commodity and it is extremely risky. ...

No country can remain great, an Empire, living off of the kindness of strangers and America will not be the exception to the rule. ...

What’s more, gold is a messenger ...

I don’t know how high gold is going but I am quite worried about the reason for the rise. ...

The US has lived so far beyond its means for so long that you have a whole generation that doesn’t know anything else. They think that’s the way the world works and they’re going to be in for one hell of a shock some day. ..." - Dow Theory Analysis SAC, Lima, Peru, February 26, 2008

The US dollar index having broken below 75 is now in new low uncharted territory. No wonder silver and gold prices have reacted to the upside.

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