The top chart is the U.S. dollar index, the bottom one is gold. As you can plainly see the dollar has been under severe pressure the last few days. Gold has been moving up in inverse fashion as well it should. There is concern that the United States may lose it's AAA rating. Treasury yields are moving higher in response and look to want to go higher. This is a serious situation that may be the start of and inflationary dollar crisis. The stock market is down close to 200 points as well.-Lou
President AFM Investments, Inc.
Securities offered through Leigh Baldwin & Co. Member FINRA & SiPC
Lscatigna@leighbaldwin.com
732-905-8100
*************Disclaimer************ These articles merely reflect the opinions of this author and are by no means a guarantee of future economic conditions. Though the author strives to provide accurate and relevant data, he sometimes relies on external sources and cannot assure the reader of the accuracy contained within. Additionally, these articles are provided for INFORMATIONAL PURPOSES ONLY and are NOT MEANT to provide investment advice to anyone. For investment advice, please consult with your professional financial planner.
CLICK ON LINK TO READ LOU'S THOUGHTS FOR UPCOMING 2009!
Financial Physician’s 2009 Economic and Financial Market Forecast
Lou Scatigna, the long time host of “The Financial Physician” radio program is issuing his 2009 Forecast on the economy and financial markets. His dire forecasts the last few years has earned him the nickname Dr. Doom from his listeners. Lou takes no joy in being fearful of the future of US economy and financial markets. He always prefaces his forecasts with the statement “I hope I’m wrong”.
Click On Charts To Enlarge
The top chart is the U.S. dollar index, the bottom one is gold. As you can plainly see the dollar has been under severe pressure the last few days. Gold has been moving up in inverse fashion as well it should. There is concern that the United States may lose it's AAA rating. Treasury yields are moving higher in response and look to want to go higher. This is a serious situation that may be the start of and inflationary dollar crisis. The stock market is down close to 200 points as well.-Lou
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