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Currency Markets Approaching Inflection Points
AUDCAD
EURJPY
EURUSD
EURUSD ~ percent change chart, from recent peak
USDJPY
USDCHF
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The Doelarr is turning south. Near term (two-four weeks) most currencies will strengthen against it except the Sterling and Yen. Nice charts.
Wow! Stunning piece of analysis. Or is this the new trend in modern art?
If I read any more stuff like this I may well become omniscient.
It does prevent you from having to eat your words later, since you didn't use words. In defense of Chopshop, the article title was the commentary/opinion and the charts were the analysis.
Good charts ALWAYS speak for themselves.
When hyperinflation hits its going to happen fast - probably after our equity markets have closed for the day. When people like Soros are publicly stating that gold is a bubble then buying on the sly you know the end game is just around the corner. Warren Buffet also envisions this end game scenario with his railroad purchase; an inflation hedge. Buckle down with gold.
For a while, intentional economic destruction will mask the diminished purchasing power of fiat
The real problem is that currencies are unstable, effectively worthless, and used as political and economic weapons against each other. A currency is supposed to be a store of value and medium of exchange.
Of course that's not as much fun as ripping each other off and screwing our own citizens, savers, and creditors.
"Money" is what you expect.
"Currency" is what you get.
Agreed and this is why Greece is asking for their gold or some form of payment. Central bankers/countries know their FIAT money system is based on FAITH and once that is lost the backstop is gold holdings. They all see the proverbial writing on the wall and they are looking to get things of true value (gold) to firm up their balance sheets. The sharks (central banks/countries) are now feeding on themselves, and to me this denotes troubled times ahead that will be far worse.
As the Great Chumbawumba says:
GOLD BITCHES!!!
PS: It does not take a rocket scientist to see through to the truth in what is going on within the banks/financing/markets.
But, but...I thought Gold was going into the three digits, no? ROFLMAO!
Spare us your bullshit analyses please.
gordo, I added more gold to my portfolio last night.
I am 100% in Gold right now.
He didn't analyze nothing Gordon!