Well, the US
Dollar has staged a small bounce at $77 or so. The question now is whether this
becomes anything substantial, or is merely a result of the Euro/USD pair
becoming so stretched that a brief pullback had
know the deal within a few days. However, the greenback is now only 2% away
from breaking its multi-year support line. If the Dollar turns down again now then the inflationary
collapse will intensify rapidly.
to say that we may get a decent bounce here, possibly to 79 or so. The reason I
say this is that while the US Dollar is so close to breaking CRITICAL support,
the Euro (which comprises over 50% of the US Dollar index) remains well below
its multi-year downward trendline:
all of this is just question of which paper currency will collapse first. From
a fundamental standpoint the Dollar is more sound than the Euro (the Dollar is
backed by the US Government while the Euro is backed by… ???). However, the US
Dollar also happens to be under the watch of a man who thinks nothing of
killing a currency (and indirectly people via soaring food prices).
one currency continues to soar to new highs and is actually increasing purchasing power and that’s
Gold. So if you own Dollars OR Euros, I strongly urge you to consider moving
some of that paper into the Ultimate Currency.
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