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
Thursday, May 21, 2009
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