Daily Highlights: 9.22.2010

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Wed, 09/22/2010 - 07:52 | 596747 Internet Tough Guy
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usd index under 80

Wed, 09/22/2010 - 09:00 | 596856 PeaBird
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Not that I put much faith in correlations, since ZH has shown well that implied correlation is ridiculous at the moment, but could it be following the same trend as the gold:silver ratio? That is, down?

USDX 50 day exp mov avg 82.46, 200 day exp mov avg 82.01, so the 50 day is still above the 200 but is looking like it will cross.

Gold:Silver ratio 50 day exp mov avg 64.51, 200 day 65.26, so the 50 day has already crossed below the 200 for the Gold:Silver ratio.

Could the USDX be following suit? What are the odds? Evens?

Wed, 09/22/2010 - 08:03 | 596752 newstreet
newstreet's picture

yeah, how you dollar bulls doing this morning?  Guess I'll take a few of those longs off your hands with DX below 80.

Wed, 09/22/2010 - 08:26 | 596792 spanish inquisition
spanish inquisition's picture

Probable Fed meeting aside - "I think the current issue is we (or other divisions) issue almost all the worlds money (haha, debt) and ask the market to compare and buy our products with our products. We now are currently manipulating the value of the products in relationship to each other so that we can save our distribution/franchisee system (the financial system along with captured government agencies and politicians). Obviously the cost of rebuilding a structure like that is prohibitive, so if you have to break a few rules, so be it. But, people are starting to see that in this system we control the value of things and are losing confidence in the confidence game. Well, we have a partial solution, we need to push our government friends that anyone not using our products for commerce will be branded a terrorist. That will buy us a another year at best."

Wed, 09/22/2010 - 08:41 | 596820 Sudden Debt
Sudden Debt's picture

And what about the BDI that is going downhill bonanza style?

Wed, 09/22/2010 - 08:49 | 596831 Bold Eagle
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It's game over for the US bonds & stocks. Who will backstop our bond auctions?

Wed, 09/22/2010 - 09:12 | 596880 Battleaxe
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The Fed can just buy all of the bonds at every auction, then the Treasury can buy all of the stocks in every US market. Problem solved! They just have to keep all of the numbers good.

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