This page has been archived and commenting is disabled.

Bank Of America Warns "The US Dollar Is In Trouble"

Tyler Durden's picture


Global financial and commodity markets are warning that the US Dollar is in for a bout of trouble, warns BofAML's Macneil Curry. Across asset classes, Curry points out that Gold was the first to make its low against the US Dollar, doing so back on Dec-15. The second market to turn against the US Dollar was US Treasuries, with Ten year note futures turning bullish back on Dec-26. Currently, the FX market - most specifically GBP - is breaking out and pressuring the US Dollar. Finally, the Japanese stock market continues to suffer, putting downward pressure on USDJPY and thus US Dollar weakness.

Via BofAML's Macneil Curry,

Gold breaks pivotal resistance

Across assets gold has been the lead market against the US $; having forged its base back in mid December. Now, it has broken above its 150d average (1295) for the 1st time since Jan’13. This average has been an excellent barometer of the medium term trend and points to further gains. We target the confluence of resistance between 1355/1374 and potentially beyond.

US Ten Year Notes futures set to make new highs

The TYH4 corrective pullback from its Feb-03, 126-16 high, coupled with the hold of its 21d moving average (now 125-10) says the year-to-date uptrend remains intact. When combined with an increasingly bullish backdrop for risk, this is bearish the $.

£/$ is on the edge of a major breakout

A closing break of the1.6748, Apr’11 high, would mark the end of a 4yr contracting range and target further upside towards long term pivots at 1.7145/1.7167. This could also prove to be the catalyst for €/$ to break key resistance at 1.3737 and the US $ Index to break key support at 79.68; all of which would be very bad for the $.

A bearish Nikkei is trouble for $/¥

The Nikkei remains in a medium term bear trend, with the break of the 100d (now 14,988) pointing to further near term weakness. We continue to target the summer 2013 lows at 13,388/14,415 before the long term bull trend can resume its footing. This Nikkei weakness is likely to maintain downward pressure on $/¥ given their strong positive correlation. For the currency pair, watch the Feb-07 post NFP low at 101.54. Through here opens the 200d at 100.21 and below.


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sun, 02/16/2014 - 17:39 | 4442867 pipes
pipes's picture


Sun, 02/16/2014 - 18:00 | 4442937 max2205
max2205's picture

Eat shit BoA!

Sun, 02/16/2014 - 18:21 | 4442997 Groundhog Day
Groundhog Day's picture

This means it's time to go long the dollar and short equities. 

Sun, 02/16/2014 - 18:22 | 4442999 macholatte
macholatte's picture




BofA – dollar doomed

Goldman – buy gold

China -  print, print, print

USA – more free shit, Michelle buys a new dress

JPM -  we never manipulated a market that didn’t need it

Japan – print, stop, print, stop, print, Fuck You China

ME – war, war again and more war

EU –  Goldman serf

Russkie – we got more medals Fuck Off Obama

UK – The Royals


--- >               VERY VERY Bullish for news letter writers


Sun, 02/16/2014 - 19:30 | 4443205 Abi Normal
Abi Normal's picture

I know many of you hate me, but that is AOK, that is your right.  There is a way to effect change:

I feel this is going to be a dicey situation, but it is an action that needs to happen.  So instead of banging keyborads, and your head against the wall, look into becoming a part of the restoration!

5/16/2014 in DC...

another link:

Sun, 02/16/2014 - 19:38 | 4443225 weburke
weburke's picture

proving once again that leaders are non-existent. 


Sun, 02/16/2014 - 19:41 | 4443239 Abi Normal
Abi Normal's picture

It will take time, but leaders will emerge, the Col retired is leading right now...if that is what you mean?

Sun, 02/16/2014 - 22:11 | 4443695 TruthInSunshine
TruthInSunshine's picture

Fade each and every recommendation that comes out of BankOfMerrillAmerica's "Research" Division; their "research" is at least as bad as Tom Stolper's research, and that's saying something.

Mon, 02/17/2014 - 07:03 | 4444510 Truthseeker2
Truthseeker2's picture

"Of course, the perfect storm within this Perfect Storm can be easily identified as the inevitable devaluation, and eventual collapse, of the once Almighty Dollar.  Inasmuch as it has functioned as the primary reserve currency for the world, it is quite easy to understand the many negative ramifications of its rapid demise.  As nation after nation has let it go as a means of exchange, the ultimate effects on the US currency can best be described as “that giant sucking sound”.  However, the real problem with this giant sucking sound is not just the effects on the US DOLLAR, but that it will be deafening to hear throughout the economies of the world."


"The FOUR HORSEMEN Herald the Death Knell of Predatory Capitalism"


Sun, 02/16/2014 - 20:30 | 4443367 logicalman
logicalman's picture

The problem I have here is the 'patriot' thing.

Is an American worth more than a Norwegian or an Afghani? NO.

Countries are just fictions to divide, anyway.

The problems we face are global, not national.

I'm no advocate of 'globalising' when it comes to trade, by the way. Local is better and more efficient.

Real money and the end to Central Banks is what EVERYONE needs.

Sun, 02/16/2014 - 21:19 | 4443515 SilverFish
SilverFish's picture

I couldn't agree with you more.


If you are for freedom from the chains of government, regardless of which country you are from, I consider you my brother/sister.


As for the rest, well...... I wouldn't piss on your face if your teeth were on fire.

Sun, 02/16/2014 - 22:27 | 4443703 Abi Normal
Abi Normal's picture

Well, I wouldn't piss on your face, no matter what!

This is not about globalism, it is about Freedom from tyranny in America, I could give a rip about the rest of the world, if they wanna be slaves so be it...not me!

The reality is there are countries today, so you want 'open borders', by your logic, everyone would be a global citizen, no nationality or identity.  If this is what you want then everyone would be a faceless body...I don't think that is the way to go.  God made nationalities, different skin colors, different creeds, etc.  Did he want us to get along, sure, but there is one catch all of that, Satan, and that my friends is the catch.  Do you really think we would all get along any better, if there were no borders?  Heck no! 

Mon, 02/17/2014 - 12:22 | 4444942 koncaswatch
koncaswatch's picture

.."give a rip about the rest of the world, ..." None of the rest of the world wants to be slaves to anyone either. Remember, by design, the USSA exports its shit to the rest of the world first. One day the inflation that is exported will come home to roost. Then you all can have a conversation about borders.

Sun, 02/16/2014 - 23:49 | 4444057 OC Sure
OC Sure's picture

"Real money and the end to Central Banks is what EVERYONE needs.

Real money and the end to Central Banks is what EVERYONE needs.

Real money and the end to Central Banks is what EVERYONE needs."


This: ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^


Mon, 02/17/2014 - 04:52 | 4444420 greenbear
greenbear's picture

If sovereign nation states are dissolved then EVERYONE on earth will be subject to the absolute slavery that a One World Government will bring.  The end of nations would not be an anarchist's utopia, it would be a return to Babylon. 


12How art thou fallen from heaven, O Lucifer, son of the morning! how art thou cut down to the ground, which didst weaken the nations!

13For thou hast said in thine heart, I will ascend into heaven, I will exalt my throne above the stars of God: I will sit also upon the mount of the congregation, in the sides of the north:

14I will ascend above the heights of the clouds; I will be like the most High.

15Yet thou shalt be brought down to hell, to the sides of the pit.

16They that see thee shall narrowly look upon thee, and consider thee, saying, Is this the man that made the earth to tremble, that did shake kingdoms;

17That made the world as a wilderness, and destroyed the cities thereof; that opened not the house of his prisoners?

Isaiah Chapter 14

King James Bible

Fri, 02/28/2014 - 03:29 | 4487923 whirlybird rules
whirlybird rules's picture

Thumbs up!  Charts have cost me A LOT OF MONEY in this orchestrated world.

Sun, 02/16/2014 - 17:58 | 4442927 The.Harmless.Who
The.Harmless.Who's picture

not good .... some of my salary is in usd... as are many ZHers.... 


surely a strong usd is good (and strong gold is good too!)


also.... anyone saw bitcoin - it is CRASHING!!!!  


Timber!!!!!!!!!!!!  I mean: Tulips!!!!!!!!!!!!!!!!!!!



Sun, 02/16/2014 - 18:23 | 4443001 fonestar
fonestar's picture

Bitcoin is not "crashing", perhaps on Gox but nobody gives a shit about Gox.  fonestar does expect Bitcoin to roll into the $400s - $500s though. 

But yes, very much like a fake libertarian to bemoan the statist USD while cheering a falling decentralized currency like Bitcoin.

Sun, 02/16/2014 - 18:46 | 4443068 AllThatGlitters
AllThatGlitters's picture

Fonestar, you were making the same bullshit disengenuous comments at BTC=$1200, $1000, etc.

Stop with the "fake libertarian" bullshit.  Everybody sees through it.

Recognizing BTC as nothing more than a tulip bubble does not make one a fake libertarian.

Your comments are so full of shit that I believe most recognize you as the fake. A clown of a BTC promoter.

And as for the constant reference to yourself in the 3rd Person, it doesn't make you look special like you think it does. It make you look silly, like Bob Dole running for President. People are laughing at you when you do it. Yes, I know you "don't care." But one has to wonder why you keep trying so hard if you truly do not.

Sun, 02/16/2014 - 18:49 | 4443078 akak
akak's picture

I have suspected for quite some time now that Fonestar is actually anti-bitcoin, but masquerades as an over-the-top pro-bitcoin troll to effect his underlying anti-bitcoin message.

Sun, 02/16/2014 - 18:51 | 4443089 El Vaquero
El Vaquero's picture

I think he lives near me.  I went on a walk for pleasure today, and passed by a dumpster that had graffiti on it.  It had a circle with the Bitcoin symbol in it, and positioned above and below the circle were the words "BITCOIN WARLORD." 

Sun, 02/16/2014 - 19:24 | 4443184 akak
akak's picture

You should have looked inside the dumpster, though, to see if there was a bedraggled homeless guy sleeping in it.

If there was, you can be sure that it was Foneystar.

Sun, 02/16/2014 - 19:38 | 4443228 El Vaquero
El Vaquero's picture

Next time I go walking that way, I'll have to get a picture or video of it and post it. 

Sun, 02/16/2014 - 19:14 | 4443163 fonestar
fonestar's picture

Yeah, it must be another conspiracy maan!!  You tools!  Is it that hard to imagine that Bitcoin has a fanatical following accross the globe.  Just keep waiting for the world to become as dumb as some of you, the Bitcoiners will become rich in the meantime.

Sun, 02/16/2014 - 19:19 | 4443170 akak
akak's picture

Whatever, asswipe.

Here, I have a very special SmegmaCoin just for you.

Sun, 02/16/2014 - 19:23 | 4443182 fonestar
fonestar's picture

Go hang out on Reddit or Bitcoin Talks. 

fonestar is considered a moderate there.

Sun, 02/16/2014 - 20:27 | 4443357 BoNeSxxx
BoNeSxxx's picture

I'd rather receive a warm milk enema from the first Wookie.

Sun, 02/16/2014 - 21:20 | 4443519 fonestar
fonestar's picture

If fonestar was as wrong about something for as long as you boneheads have been wrong about Bitcoin he might be forced to re-evaluate his position.  Nope, not you guys!!

Sun, 02/16/2014 - 23:28 | 4443982 Double.Eagle.Gold
Double.Eagle.Gold's picture

<--- Wookie has Chocolate milk

<--- Wookie has White milk

Mon, 02/17/2014 - 11:18 | 4444816 tradebot
tradebot's picture

"I'd rather receive a warm milk enema from the first Wookie."


Too cool...change your luck

Sun, 02/16/2014 - 21:26 | 4443535 Iam_Silverman
Iam_Silverman's picture

"Is it that hard to imagine that Bitcoin has a fanatical following accross the globe."

Well, apparently so does homosexuality, but I changin' just to be popular.....

Mon, 02/17/2014 - 03:56 | 4444402 hobopants
hobopants's picture

Bitcoin is waaaay better at polluting threads than Gold that's for sure.

Sun, 02/16/2014 - 20:05 | 4443302 Greenskeeper_Carl
Greenskeeper_Carl's picture

He kinda reminds me of MDB. That guy is obviously satire, and quite good at it. Makes me wonder if fonestar isn't pulling the same shit.

Mon, 02/17/2014 - 08:08 | 4444562 Chain Gun Smoke
Chain Gun Smoke's picture

I think Million Dollar Bonus was a gold pumper in the same way.

Sun, 02/16/2014 - 19:39 | 4443232 fonestar
fonestar's picture

If you support the dollar you are a fake libertarian.  It's not just your failure to get behind Bitcoin that makes you a fake libertarian, it's your failure to promote silver usage and your continued passive acceptance of dollars in trade.  The Bitcoiners are making history and our rewards in terms of profits are much deserved as it is the Bitcoiners that are stirring up the debate and making the noise (as the metals-only stackers hide out and be quiet).

Sun, 02/16/2014 - 19:53 | 4443270 AllThatGlitters
AllThatGlitters's picture

"the Bitcoiners are making history and our rewards in terms of profits are much deserved" 

You sure have a funny way of calculating profits.

$300 - $1200 = ($900) <- Not a Profit

And you call everybody else stupid.

90% of the suckers you've tried to talk into Bitcoin would have bought at over $1,000.

They would have bought from your God Satoshi and a select few at the top of the pyramid.

Luckily, most on ZH where you spend your time are intelligent enough to see right through you.

You've probably helped to contribute to Bitcoin's CRASH, without even realizing it, LOL.

Your ability to make statements like that above, your total lack of shame and your continued reference to yourself in the 3rd Person, all has the hallmark of a deluded psychopath.

Some think your game is so blatantly absurd that you must be a parody like MillionDollarBonus. I personally subscribe to the belief that you are genuine in your beliefs, but clinically psychopathic and delusional.

Sun, 02/16/2014 - 20:40 | 4443410 fonestar
fonestar's picture

So how did you cherry pick those numbers?  If you will recall, fonestar has been in Bitcoin since $16 and has been loudmouthing Satoshi's triumph since under $50 on Zerohedge.   Profits, massive profits and yet... nothing compared to what the Bitcoin devotees are about to see.

Sun, 02/16/2014 - 20:47 | 4443426 akak
akak's picture


It's got what NSA plants crave!

Sun, 02/16/2014 - 21:16 | 4443503 gafgroocK
gafgroocK's picture






Who the hell let you out of the Basement, slug?

Sun, 02/16/2014 - 20:33 | 4443383 logicalman
logicalman's picture

I think this may explain things...

And as for the constant reference to yourself in the 3rd Person, it doesn't make you look special like you think it does.

It does make him 'special' as in 'Ed'

Sun, 02/16/2014 - 21:35 | 4443563 Mr.Bigfoot
Mr.Bigfoot's picture

I've read ZH for years. The collapse has always just been around the corner. Hyperinflation or deflation has always been imminent. The Zombie apocalypse any day now for the last 4 years. No need to bash fonestar. There ain't going to be change to the status quo except through something no one expected. Bitcoin is the only thing that actually represents a paradigm changer around here. Let the down votes begin...

Sun, 02/16/2014 - 22:05 | 4443675 SilverDOG
SilverDOG's picture

Mr BigFOOT !

My assumption is... after all who question the media injected reality become numbed beyond cognizant synapse connections... BOOM all over. Similar to USSR's financial implosion. I dare say we are closer today than yesterday, and who knows tomorrow. 

Remember; "Whoop that trick!, whoop that trick!"

We all are being whooped and tricked -.01%

Mon, 02/17/2014 - 12:34 | 4444970 SgtShaftoe
SgtShaftoe's picture

How long has gold been in a cyclical bear market? 2 years.  Because BTC ran up a spectacular rise, and it's now corrected, it's a tulip bubble?!?!  WTF. 


Some people get so emotional about BTC and absolutely hate it.  They'd still hate it if F.A. Hayek himself wrote an article bullish on BTC. 

Sun, 02/16/2014 - 18:47 | 4443075 Groundhog Day
Groundhog Day's picture

1200 to 450 in a few weeks and i'm supposed to convert my life savings to it

Sun, 02/16/2014 - 18:57 | 4443117 AllThatGlitters
AllThatGlitters's picture

You fake libertarian you.

Sun, 02/16/2014 - 19:02 | 4443129 wintermute
wintermute's picture

Yes. FFS, can't you see a screaming buy? Or are you one of those BTFATH traders?

Sun, 02/16/2014 - 19:22 | 4443178 fonestar
fonestar's picture

1200 to 450 in a few weeks and i'm supposed to convert my life savings to it


Yes, because in the next few years Bitcoin is going to five, six and seven figures.  You people suffer from the same temporal boneheadedness as the stawks crowd.  Ie, things must be okay because oil is only $100 bbl.

Sun, 02/16/2014 - 20:10 | 4443246 akak
akak's picture

Your refusal to trade rare tulip bulbs proves that you are a fake libertarian.


Sun, 02/16/2014 - 20:29 | 4443365 BoNeSxxx
BoNeSxxx's picture

But his ability to turn ZH chart porn into a Bitcoin discussion proves his prowess as a real troll...

Sun, 02/16/2014 - 21:22 | 4443522 fonestar
fonestar's picture

Why can one not be a real troll and a real devotee of Satoshi Nakamoto?

Sun, 02/16/2014 - 20:17 | 4443332 Blano
Blano's picture

Now you sound like Steve Liesman.

Sun, 02/16/2014 - 20:19 | 4443337 Greenskeeper_Carl
Greenskeeper_Carl's picture

Let me start by saying a harbor no ill will towards bitcoin, or any of the other crypto currencies that keep popping up. However, selling people fake libertarians for not jumping on it is incredibly stupid. Being libertarians, most of us have become very cynical after seeing what has gone on lately, especially the last couple years. So that is why most of us tend to trust the currency used for thousands of years before some asshole dreamed up Te fed and our fiat dollar Ponzi monetary system we have. This cynicism makes it pretty hard for us to trust something dreamed up by some mystery man that may or may not be some kind of DARPA/ gov entity. No one knows. So while we may be fake libertarians in your eyes for not trusting it, I posit that you are an incredibly naive libertarian for swallowing the bitcoin thing without a second thought, and plowing so much money into it, and talking it up non stop every chance you get. I think the amount of trust to put into something that exists only on a computer is quite stupid, and just asking to get taken to the cleaners by whoever controls all this. Best of luck though.

Tue, 02/18/2014 - 07:50 | 4447341 Bull Bear
Bull Bear's picture

Are you a Christalball investor??????

Tue, 02/18/2014 - 07:52 | 4447343 Bull Bear
Bull Bear's picture

Are you a Christalball investor, Fonestar ??????

Sun, 02/16/2014 - 21:38 | 4443575 Mr.Bigfoot
Mr.Bigfoot's picture

I wouldn't convert my life savings to BTC. Did that with gold and it got me nowhere... Now maybe all my gold to BTC?

Mon, 02/17/2014 - 12:45 | 4444988 SgtShaftoe
SgtShaftoe's picture

No, I see BTC as a diversification hedge.  Faber likes treasuries.  I prefer BTC to treasuries. 

Sun, 02/16/2014 - 18:02 | 4442948 ZH Snob
ZH Snob's picture

the dollar will continue to be the best horse in the glue factory until the Saudis dump the petro dollar for the yuan.

Sun, 02/16/2014 - 18:10 | 4442970 stant
stant's picture

guess that why drstrangebro had to do a unplaned trip to visit the saudis the other day

Sun, 02/16/2014 - 18:20 | 4442993 BobRocket
BobRocket's picture

Not going to happen in your lifetime, the day the Saudi Royal Family dump the Dollar is the day someone else is installed as ruler and the petrodollar lives another day.


Sun, 02/16/2014 - 18:39 | 4443048 Wahooo
Wahooo's picture

SEAL Team 6 fights for the dollar.

Sun, 02/16/2014 - 18:31 | 4443028 Winston Churchill
Winston Churchill's picture

Gold , not yuan.
The ; you show me yours ,and I'll show you mine moment, is
nearly here.

Sun, 02/16/2014 - 18:42 | 4443052 e-recep
e-recep's picture

The predators will bomb the shit out of Arabia on some stupid excuse if the Saudis ever think about it.

Sun, 02/16/2014 - 21:11 | 4443490 Greenskeeper_Carl
Greenskeeper_Carl's picture

Won't even come to that. All it takes is some funding of mercenary groups in their country, and the Saudis get their very own Arab spring

Sun, 02/16/2014 - 18:45 | 4443067 PHantomofthemarkets
PHantomofthemarkets's picture

I don't think Chinese would like that, they need to dump their dollars somewhere.

Sun, 02/16/2014 - 18:51 | 4443087 Groundhog Day
Groundhog Day's picture

THE Chinese are beyond dumping dollars, treasuries euro's etc.  they will accumulate all the gold they can get their hands on with printed fiat and blow up the financial system.  After the dust settles they will have the metal backed currency.  Thats the chess move 10 steps ahead

Sun, 02/16/2014 - 18:31 | 4443025 Cacete de Ouro
Cacete de Ouro's picture

In other news...the US dollar has been in trouble since 1913

Sun, 02/16/2014 - 18:35 | 4443036 Berspankme
Berspankme's picture

BOA  little slow

Sun, 02/16/2014 - 17:41 | 4442869 cpnscarlet
cpnscarlet's picture

Now isn't this a bolt out of the blue? I mean...sure a report like this would get into the MSM, but the source???!!! my my...

Sun, 02/16/2014 - 17:40 | 4442870 Mcat
Mcat's picture

Not so sure about this. Money still has to go somehwere to hide. The US dollar will have the advantage over Yen, Euro, .... AUD, CDN and BP are too small to hide out in. Gold will get its fair share but too many non believers will limit its advance in the short term. Long term, perhaps not.

Sun, 02/16/2014 - 17:52 | 4442907 kaiserhoff
kaiserhoff's picture

Exactly, scale matters in any market, but especially in oil, and Forex, among the world's largest.

There will be upward pressure on interest rates, largely because volk are finally realizing they made big mistakes on quality of risk.  Also, deficits are piling up. All this fake accounting and happy feet shit will end soon.  Negative cash flow is a bitch with bells on.  This is just the beginning of the end.  Got popcorn?

Sun, 02/16/2014 - 17:42 | 4442875 LawsofPhysics
LawsofPhysics's picture

remind us, how did BofA's last "call" go...?

fucking muppets.

Sun, 02/16/2014 - 17:42 | 4442877 pitz
pitz's picture

Why the truth serum all of the sudden? 

Sun, 02/16/2014 - 18:00 | 4442939 GVB
GVB's picture

More like: 'please suicide me'

Sun, 02/16/2014 - 17:43 | 4442880 stant
stant's picture

guess that why i bought gas today a 3.49 was 3.09 friday eve

Sun, 02/16/2014 - 17:43 | 4442881 maskone909
maskone909's picture

Welp they were right about the squeez in gold

Sun, 02/16/2014 - 17:44 | 4442888 Mad Muppet
Sun, 02/16/2014 - 17:46 | 4442891 Kirk2NCC1701
Kirk2NCC1701's picture

It's all RELATIVE:  As long as King Fiat can beat up on the smaller kids in the school yard, it will remain top Bully.

Woe the day that the other kids finally get angry and organized enough to gang up on the Bully.  Tick, tock, tick, tock.

Sun, 02/16/2014 - 17:47 | 4442892 J Pancreas
J Pancreas's picture

Who names their kid Macneil? 

Sun, 02/16/2014 - 17:50 | 4442902 css1971
css1971's picture

May be a middle name.

Sun, 02/16/2014 - 17:59 | 4442931 kaiserhoff
kaiserhoff's picture

Who names a kid Madonna?  Oh, right, she did, so the whole slut routine would...

  Never mind.

Sun, 02/16/2014 - 18:43 | 4443055 akak
akak's picture


Who names their kid Macneil?

It's just a misprint --- his actual name is "Mackerel Curry", a commonly served dish in Tamil Nadu.

Sun, 02/16/2014 - 17:47 | 4442894 Yen Cross
Yen Cross's picture

    BAC is trying to get out of it's axj/usd trade. Asia buys usd, then borrows yen and sells it against other E/M currencies...

Sun, 02/16/2014 - 17:49 | 4442898 SandiaMan
SandiaMan's picture

No its the Bank of America thats in trouble.

Sun, 02/16/2014 - 17:51 | 4442906 Tinky
Tinky's picture

It's easy to make fun of the pronouncements made by these criminal behemoths. At the same time, though, the fact that "subversive" messages that many of us took for granted months, or even years ago, are now being broadcast by such mainstream sources, almost certainly is meaningful.

tick-tock motherfuckers

(LawsofPhysics holds the trademark)

Sun, 02/16/2014 - 17:53 | 4442911 css1971
css1971's picture

Well... Now we know why Ben saw fit to exit when he did.

Sun, 02/16/2014 - 17:57 | 4442922 greatbeard
greatbeard's picture

There is noting going on with the dollar that continued sucker punches in the gold markets won't hide.  I feel an avalanche sale coming on very soon.



Sun, 02/16/2014 - 18:00 | 4442938 NoWayJose
NoWayJose's picture

It is just hard to think the US dollar is in trouble compared to the Euro, British pound, or Japanese yen. All four currencies are trash. Few emerging market currencies are any better. And even the yuan has shadow banking and over-leveraged issues. Nearly every currency is a dominoe - and when one falls, the rest will topple as well.

Sun, 02/16/2014 - 18:00 | 4442940 Haus-Targaryen
Haus-Targaryen's picture

Who cares about the GBP?  A currency used by the second most indebted population in the world. 

Sun, 02/16/2014 - 18:04 | 4442945 Chuck Knoblauch
Chuck Knoblauch's picture

The FED can save the banks or the dollar, but they cannot save both. My bet is that Yellen saves the banks. The only way to save the banks is to increase QE. She will in June after they realize tax receipts aren't there to fund debt payments. More QE will weaken the dollar and pump the bubble machine in real estate and stocks. Of course, the banks will eventually fail because China will say enough is enough, take the loss, and confiscate US assets. Let's hope our occupiers are friendly. Learn Mandarin.

The FED could save the dollar instead of the banks, but that would mean letting them fail and we've already been through the Hank Paulson chicken-little scenario of the sky is falling, blood in the streets, etc...

Sun, 02/16/2014 - 18:08 | 4442962 FredFlintstone
FredFlintstone's picture

"confiscate US assets": can you explain how that might happen, what mechanisms, etc.? Thanks

Sun, 02/16/2014 - 18:26 | 4443010 Chuck Knoblauch
Chuck Knoblauch's picture

Well, they are currently converting our debt into equity interests peacefully. When the panic sets in, let's hope that they accept the AMERO in exchange. If not, then they have a right to take what they want to satisfy the debts. Evictions happen every day in America, but I've never witnessed a mass migration. It will be interesting to watch.

Sun, 02/16/2014 - 18:50 | 4443083 Chuck Knoblauch
Chuck Knoblauch's picture

And that bitch has nerve to call me suicidal!

Sun, 02/16/2014 - 19:03 | 4443132 fonzannoon
fonzannoon's picture

I honestly thought you would commit suicide when you stopped being able to reach first base with a throw from 15 ft away. But then you went ahead and did this and won me right back.

Sun, 02/16/2014 - 19:10 | 4443151 Chuck Knoblauch
Chuck Knoblauch's picture

Good. Attack the messenger because you cannot attack the message. It's a good strategy. PR firms have made fortunes destroying the reputations of good people using this tactic. Excellent!

Sun, 02/16/2014 - 19:13 | 4443158 fonzannoon
fonzannoon's picture

I bet the real Chuck Knoblauch has a sense of humor.

Sun, 02/16/2014 - 19:49 | 4443260 Charles Nelson ...
Charles Nelson Reilly's picture

One of many horrendous signings in that era by the evil empire

Sun, 02/16/2014 - 19:57 | 4443282 fonzannoon
fonzannoon's picture

This was the zenith of my blue pill memories. It was all downhill from here.

Sun, 02/16/2014 - 18:21 | 4442983 Chuck Knoblauch
Chuck Knoblauch's picture

We could always ask China to renegotiate the terms of our debts to them, but that would show weakness and other countries would dump the US dollar. We could do it in secret. Obozo could always pick up the yellow phone in the White House and get China's President on the hotline. Obozo could nuke China, but they would nuke us too, so that's not going to work. Well, it looks like the US dollar is toast. Call Canada! Release the AMERO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


RELEASE THE KRAKEN!!!!!!!!!!!!!!!!!!!!!!!



Sun, 02/16/2014 - 18:44 | 4443058 LawsofPhysics
LawsofPhysics's picture

Are you suggesting that China hasn't been printing the shit out of the yuan?


As far as confiscating any assets goes, when fraud is the status quo,

China might want to disarm that volunteer army before they get too excited.

Sun, 02/16/2014 - 18:54 | 4443104 Chuck Knoblauch
Chuck Knoblauch's picture

Hey Einstein, who has more LEVERAGE, the US or China? Take the Pentagon and its big guns off the table. Who has more leverage? If you don't think China is in a more superior position, explain, please?

Sun, 02/16/2014 - 19:07 | 4443141 El Vaquero
El Vaquero's picture

Because the sheep would wake up and they would get very, very pissed off, and they are in possession of more guns than China.

Sun, 02/16/2014 - 19:13 | 4443157 Chuck Knoblauch
Chuck Knoblauch's picture

Thank you for an honest answer. That's all I want.

Sun, 02/16/2014 - 19:55 | 4443275 Chuck Knoblauch
Chuck Knoblauch's picture

I realize that many of you are traitors and have no interest in preserving American sovereignty.

Sun, 02/16/2014 - 20:16 | 4443325 satoshi411
satoshi411's picture

The right to be imprisoned and sodomized in a USA prison,.

The right to remain silent while woman and little girls are molested and beaten by cop's.

Let's see I did miss any other 'american rights'?


Sun, 02/16/2014 - 20:19 | 4443340 FredFlintstone
FredFlintstone's picture

Welcome back dude!

Mon, 02/17/2014 - 00:18 | 4444118 Tall Tom
Tall Tom's picture

My main interest is supporting God Almighty's Sovereignity through the Sovereign of Sovereigns.


You are the Traitor because you support America as an Oligarchical Kingdom rather than a Representative Republic which it was set up and intended to be.


The Government of the United States has been infiltrated and through subversion has been overthrown.


To hell with the collective. Assimilation is futile. Resistance to assimilation into the socialist collective is that which is demanded.




Pay close attention to this video. The US Military has allowed 10 Child Rapists on the streets of America. Perhaps your daughter might be next.


Do you SUPPORT THAT???  Financial support IS SUPPORT.


No. I am not interested in preserving that.


I am more interested in preserving American LIBERTY. I am more interested in preserving American Morality. (If people KNEW THIS there would be an outrage.)


I am more interested in preseving Justice. I am much more interested in serving Jesus Christ as my Lord...and DOING that which He will do. That is who I look up to and aspire to be like...and FAIL MISERABLY. (Thank God for Grace.)


Your Government is not my God.


So knock yourself out worshipping your corruption.



Sun, 02/16/2014 - 21:32 | 4443546 10mm
10mm's picture

I always wonderd why China stated they like to see a "Disarmed America".

Sun, 02/16/2014 - 18:02 | 4442946 sampo
Sun, 02/16/2014 - 18:04 | 4442951 Yen Cross
Yen Cross's picture

    The DXY might test the 61.8% of the {84.10-73.40} move. The real support is in the 73.40 area, but the high 72.90s aren't out of question.

  That would imply an XAU move up through the 50 week sma 1347.00 area and a test of the 200 week sma @ 1490.00.(the 100 week sma intersects in the same general area.)

Sun, 02/16/2014 - 18:04 | 4442952 Max Damage
Max Damage's picture

When do they change their mind

Sun, 02/16/2014 - 18:05 | 4442954 PontifexMaximus
PontifexMaximus's picture

Is BoA short USD?

Sun, 02/16/2014 - 18:08 | 4442960 Sufiy
Sufiy's picture

Toby Connor: Dollar Breaks Down, Great Inflation to Push Gold And Silver Much Higher

We are  following Toby Connor with his very interesting concept of The Great Inflation in 2014. Gold was in a breakout mood this week and finally has broken to the upside from $1270 level with intraday high on Friday at $1,322 and close at $1,319. We have now the massive short squeeze in action in Gold and Silver. Silver has broken to the upside as well on Friday closing at $21.51. Gold mining shares are making the very good progress as well.   On the chart above you can see that Gold has crossed the very important level on daily chart and moved above its 200MA at $1,309. It will bring a lot of attention of traders and shorts will be running to the exit now. Mass media will be picking up the Gold story as well now. CNBC is talking about Gold and Miners already and Jim Cramer advises to watch GDX - Gold miners ETF. Next levels in Gold to watch is $1,360 and $1,420 to complete Double Bottom Reversal pattern on weekly chart.   Silver had its massive breakout as well following the Gold footsteps this week. Next levels to watch here are $22.75 and $25 to confirm its Double Bottom Reversal pattern on weekly chart. The most important here that Silver has broken to the upside above its 200MA at $21.13 and closed above it at $21.49.

Sun, 02/16/2014 - 18:08 | 4442964 Jack Burton
Jack Burton's picture

The US advance militarily on Russia and on China is now an open secret. Ukraine is a European end game operation, as Dr. Paul Craig Roberts made clear in his last article, the US take over of Ukraine could spawn nuclear war, as Russia would be finished as a nation if NATO airbases and missile bases sat with in several hundreds of miles from Moscow and the US Navy staged a large Navy fleet into Sevastopol in Crimea. In short, people are sleeping through this "story of the century" going on in Ukraine. Also, the US vows to shift Naval/Marine/Air Force assets into the Pacific to confront China on it's very borders.

This may seem to have nothing to do with any threat to the US dollar, and I grant that many other problems are facing the green back on the financial front. But China is an economic super power and Russia is now more allied with China than ever before, signing any number of military and energy agreements, including another new energy contract worth 500 billion dollars. As the US military presses the very borders of Moscow and stations it's fleets within sight of Chinese ports, do any of you think that Russia and China are not now prepared to go "all in" on a campaign to torpedo the US dollar? We know from QE, deficit spending levels and dollar printing, that the main strength of America is now it's status as printer in chief of the ONLY currency that will buy energy and manufactured goods simply for the price of green ink and paper to print it on. That ability provides nearly unlimited US power, while Russia powers the world with oil and gas, and China is the world's workshop for manufactured goods, those two things are not equal to America's petro dollar in power and influence.

I maintain that behind the scenes, Putin and his Chinese counterparts are surely going to seek any means to strip America of this power to print paper that the world accepts in return for energy, manufactured goods and political influence. By printing dollars, the US buys entire upper classes in third and even second world nations, the bribes of dollars influences elites in other nations to follow orders from Washington, It is impossible to underestimate the power of the US Dollar as world reserve currency/petro dollar, others now have every reason to attack that central pillar of US domination in the world.

Sun, 02/16/2014 - 18:38 | 4443035 silvermail
silvermail's picture

@ Jack Burton

You forgot to say:
- Russia - the first in the world in total mining of hydrocarbons.
- China - the first in the world in the mining and import of gold.
I do not think that for such countries, need use U.S. dollar.

Sun, 02/16/2014 - 18:38 | 4443040 El Vaquero
El Vaquero's picture

I would expect China and/or Russia to torpedo the dollar prior to mounting any major military operations, even if those operations are not directlly against the US.  I would then expect them to wait until our economy goes BOOM! before doing it.  Of course, this all assumes that Chinese and/or Russian banks don't implode on their own.

Sun, 02/16/2014 - 19:10 | 4443147 akarc
akarc's picture

Really. China can crash us without firing a shot.  

Sun, 02/16/2014 - 20:03 | 4443300 Chuck Knoblauch
Chuck Knoblauch's picture

China wants America on its knees begging for help. They only want to destroy our will to fight back.

Sun, 02/16/2014 - 20:14 | 4443316 satoshi411
satoshi411's picture

USA ergo AIPAC lost Syria, and now they'll lose Ukraine. Get over it.

Every Ukranian I know is supporting PUTIN, they say that if need be UKRAINE will be split, and all the wealth will go to the Russian side.

The NSA/CIA gave UKRAINE EU interests world mining rights for BTC for a reason, and that wasn't enough to get the young in UKRAINE to go EU.

AIPAC will lose this one, and soon ISRAEL/USA will be standing alone.

ISRAEL will walk on the USA leaving them standing alone, as the USA descends into hell.

Sun, 02/16/2014 - 20:21 | 4443346 Chuck Knoblauch
Chuck Knoblauch's picture

The Ukraine will never be partitioned into E & W. It's an all or nothing proposition. Ukranians hate Zionists more than Putin.

Mon, 02/17/2014 - 08:39 | 4444598 Johnny Cocknballs
Johnny Cocknballs's picture

World War 3 is certainly the plan. 

Certainly helps the banks and helps set the stage for a new global government and currency to prevent nasty things like world war from happening again.

Too many useless eaters anyway, eh?

Joe Six Pack hasn't noticed the Israelification of the cops and the territorial army DHS has built, nor all the ammo buys, nor how strange it was that Mr. Chertoff and Mr. Lieberman, dual nationals, primarily loyal to Israel, has such power over that new organization.

But he would also tend to think they need the hollow points and zombie killers for fighting "terror."

In any event, US policy is as wildly aggressive as it is wildly unnecessary.  If peak oil is a concern, apart from the transition to gas, partnering with Russia would make significantly more sense.  Russia and China, and likely Pakistan are being forced together by insane US policy.

The question becomes, who is calling the shots on US policy?

My two cents, fwiw, is that if you look to whom Obama has appointed to important positions, who was behind him in Chicago, you begin to get a good idea.   Just don't speak it out loud.  Certain truths, certain questions have been well Bernaysed as "hate".

Indeed, "hate" and "conspiracy" more and more mean things which are both obvious and both things you are not supposed to recognize, because it is evidence of disproportionate and malevolent power.  And in a delicious bit of irony, those who scream "hate" the loudest are often the most truly full of hate - for truth, and for the human race itself.


Sometimes the best defense is a good offense.  The American people haven't even realized that there's a fuckin' game on.

Sun, 02/16/2014 - 18:10 | 4442973 buzzsaw99
buzzsaw99's picture

wow, maybe a should move some money around. [/sarc.]

Sun, 02/16/2014 - 18:11 | 4442976 The Axe
The Axe's picture

BofAML's Macneil Curry.    The same guy who uses the last 2 trading days to go all out bullish on US equites......up on no volume   Mr. Curry   SORRY I am wrong!!!   PLEASE

Sun, 02/16/2014 - 18:12 | 4442977 wackydog
wackydog's picture

Well, I think people are being herded with these MSM messages.

Where will the average retail investor go for safety on this news? Maybe gold & silver -- more likely Treasuries.

Who's agenda would that serve?

Sun, 02/16/2014 - 18:23 | 4443004 Sufiy
Sufiy's picture


Apple's M&A chief reportedly met with Tesla CEO Elon Musk

Sun, 02/16/2014 - 21:32 | 4443552 Iam_Silverman
Iam_Silverman's picture

"Apple's M&A chief reportedly met with Tesla CEO Elon Musk"Yay!  The rollout of the iCar can't be too far away!  It'll be the fastest MP3 player on the planet.

Sun, 02/16/2014 - 18:24 | 4443006 therearetoomany...
therearetoomanyidiots's picture

So. ..let me see....boa is telling us gold in up trend and dollar flailing.  Tomorrow Cramer tells us....sell sell sell!  What do you do...

Sun, 02/16/2014 - 18:40 | 4443045 Chuck Knoblauch
Chuck Knoblauch's picture

Cramer can be on the beach in Haifa in less than 24 hours when the SHTF. That Judas goat will laugh all the way to the slaughterhouse.

Sun, 02/16/2014 - 18:28 | 4443019 Wait What
Wait What's picture

dollar may be in trouble, but not as much trouble as these guys:

"the central bank said that foreign portfolio investment or "hot money," reversed to a net outflow of 1.8 billion U.S. dollars in January from a net inflow of 1.27 billion U.S. dollars in the same month last year.

This was the biggest monthly outflow of portfolio capital on record, the central bank said."

Sun, 02/16/2014 - 18:44 | 4443063 Winston Churchill
Winston Churchill's picture

Damn, so that's only about 7999 bn left to go.
I'm sure they are terrified in Peking.

Sun, 02/16/2014 - 21:59 | 4443662 Wait What
Wait What's picture

Peking != Manila. canary and coal mines or whatever...

Sun, 02/16/2014 - 18:37 | 4443039 vulcanraven
vulcanraven's picture


Hammer time!

Sun, 02/16/2014 - 18:39 | 4443047 drinkin koolaid
drinkin koolaid's picture

Just do a George Castanza to whatever Nigel the douchebag says. Time to short the Euro, take some profits on long gold position, short T-Notes, and buy Nikkei. Thanks for the tips Nigel. Frickin moron.

Sun, 02/16/2014 - 18:43 | 4443056 righthandbarber
righthandbarber's picture

dollar is doomed....relative to whom its matched up against

Sun, 02/16/2014 - 19:20 | 4443171 I Write Code
I Write Code's picture

What does the Bank of Bitcoin say?

Ying, ying, ying, ....

Sun, 02/16/2014 - 19:24 | 4443187 kchrisc
kchrisc's picture

"Careful, falling dollar slide area."


"I wonder if banksters have guillotine nightmares, because I sure have sweet dreams of them.

Sun, 02/16/2014 - 19:24 | 4443188 Ulterior
Ulterior's picture

I just entered a shitload amount of long on gold, i dont care, I am a bum anyway, let em fry me, I dear you!

Sun, 02/16/2014 - 20:15 | 4443323 Chuck Knoblauch
Chuck Knoblauch's picture

Prepare to settle your paper trade in cash because you don't own any gold.

Sun, 02/16/2014 - 21:35 | 4443564 Money Squid
Money Squid's picture


Sun, 02/16/2014 - 19:29 | 4443202 TheRideNeverEnds
TheRideNeverEnds's picture

Meanwhile all US indexes are going straight up. 


you had your chance to BTFD now its back to BTFATH bitches!

Sun, 02/16/2014 - 19:38 | 4443227 orangegeek
orangegeek's picture

The largest inverse bias to the USD is the Euro - not much mention.


USD weekly is near channel support - just in time for some negative news from banks and ready to break to the upside.

Sun, 02/16/2014 - 19:45 | 4443253 devo
devo's picture

The sun is hot.

Sun, 02/16/2014 - 19:53 | 4443272 akak
akak's picture

Conspiracy theory!

Sun, 02/16/2014 - 21:34 | 4443556 Money Squid
Money Squid's picture

define hot.

Sun, 02/16/2014 - 21:43 | 4443594 Iam_Silverman
Iam_Silverman's picture

"The sun is hot."

Another Global Warming agitator? (do I really need to use my sarc. font?)

Sun, 02/16/2014 - 21:56 | 4443649 Wait What
Wait What's picture

reality is a bitch, that's why we keep her chained to a radiator. can't have her running around on the street and whatnot

Mon, 02/17/2014 - 01:08 | 4444223 Tall Tom
Tall Tom's picture

The Sun will be radiating much more energy to the Earth this year when compared to the past year.


That is what has happened every Eleven Years...after a Solar Max. (Solar Max is a misnomer as it needs to be called a Sunspot Max.)

Sun, 02/16/2014 - 19:56 | 4443280 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

BOA, Go Fuck yourself and your predictions.

Sun, 02/16/2014 - 20:44 | 4443417 DYS
DYS's picture

Gold hit its high on Sept. 11?    Well, you can't say these guys don't have a sense of humor.

Do NOT follow this link or you will be banned from the site!