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The Dollar Is Dumping
The USD is getting pummeled this morning (following China's 'devaluation' to the weakest Yuan since 2011 overnight) as all the majors are bid against the greenback. USD Index is now below the post-ECB lows from last week... The USD is now at its weakest since early November.
The Yuan has weakened notably...
Having been blessed by The IMF...
Dollar weakness is accelerating...
Back below ECB lows...
More "massive failures of market analysts" if The ECB is to be believed.
Charts: Bloomberg
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So the world has finally figured out the USD isn't much better than pretty colored Monopoly Money?
Nope...not yet. Just a minor disturbance in the force Luke.
Me thinks Yellen is getting cold feet.
But.but.but we get our paper from the very special, and the very rare trees only known to a very small group of men and woman.
It is a special paper used to print our dollar bills.
- U.S. Snake oil and Moneychanger agent.
So are you saying money grows on (special) trees?
Well...in that case..... :-)
when it takes $120 US to buy a barrel of oil on the open market, that's when I'll know it's weak... until then, KING DOLLAR
and Gold & Silver should be skyrocketing, but they're not. Welcome to the new normal.
no, gold and silver should be lock step with oil... because KING DOLLAR
I know there's a bunch of you out there that can't deal with that, but when it takes fewer dollars to buy commodities, you're in a KING DOLLAR environment... you can be emotional about it and downvote like a child not getting its way, or you can deal with reality... your pick...
$Burger King perhaps...
Dream Wrecker !!!
My last pay check was $9500 working 12 hours a week online. My sisters friend has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. This is what I do... www.wallstreet34.com
FLUSH!
FX is simply a sucker's sand box to play in. According to the dollar index formula, the graph can show anything its manipulators want.
exactly... quit staring at your navels looking at comparitive currency indexes and look at what a USD can actually buy... especially what it can buy in terms of BTU per USD... the rest of it is useless horseshit...
Lots of losses to take before 31/12, Without the Draghi put they're all smoked
Here is something I missed yesterday:
'Hey, bud': Clinton intervened in mining firm's request after it emailed her son-in-lawWASHINGTON (AP) — As secretary of state, Hillary Clinton intervened in a request forwarded by her son-in-law on behalf of a deep-sea mining firm to meet with her or other State Department officials after one of the firm's investors asked Chelsea Clinton's husband for help setting up such contacts, according to the most recently released Clinton emails.
http://www.usnews.com/news/business/articles/2015/12/08/clinton-interven...
It'll be used as the excuse for not hiking interest rates.There always is one,it's called pretend and delay.
Doesn't this give grandma room to raise?
no, this is the lead-up downramp so they can hike
if it went the other way then that would be an attempt to stop the hike
currency rollercaster...heading for Disneyland's Magical Kingdom; behind Alice's glass curtain.
Achtung, if we break the glass curtain shards abound and then we enter Shark Lagoon ! Jaws!
That chart is Golden.
Maybe the world has wised up to the fact that the giant lumbering retard isn't such a safe haven after all.
Practice exercise for things to come.
The Fed isnt raising rates next week. And The ECB is slowing its easing down. Result = eurusd back @ 1.20 EVERYONE is short this trade.
If the dollar is "dumping", shouldn't equities be going higher? What part of all fiat will die don't people understand?
A massive market 'failure' is only a 'failure' if the Squid is not on the other side of the trade...
Last time I checked paper assets are denominated in fiat currencies....if you dont trust the currency to hold value then you need to be out of paper and into hard assets - gold anyone?
Yes, gold has been a superb preserver of value since 2011 - for the peddlers, not the buyers.
You are confusing value with price.
Try selling (or buying) your asset at its value vs its price. My 96 Honda has the value of a new Honda
to me but how many buyers would agree to equate that value to the price they are willing to pay to buy the car?
Reality a bitch!
I drive an 88 civic hatchback with 315K miles. It has great value to me and I don't plan on getting rid of it. I buy and hold things of value where my wealth is stored, hard assets. I buy and trade in currency to live day to day. That is reality.
96 Civic coupe w/ 108k miles. if your situation is a reliable indicator, i still have 200K mi left in that dude!
I store my wealth in things that go up in price (and presumably value). So, how much is that Civic worth in terms of price vs value?
Keeps you from having to fork out 20K for a new Civic vs Kelly Blue book of less than 1K and probably approaching salvage value.
Just bought a mint 2003 King Ranch with 62,000 miles. It's an investment like you said...Keeps you from having to fork out 55K for a new overpriced tech filed truck.
Not to mention that you get to do alot of the repair/maint work yourself and every now
and again, you need to procure a cool tool! Is this cool or what: http://www.amazon.com/OTC-1123-Bearing-Splitter-4-5/dp/B0002SR46I
I had to buy a 3/4in bbreaker bar to remove axle nuts. Doesn't get too much work in that capacity but when idle,
I can bring it to work and play whack-a-libber-al.
Not to worry!! Gold is bottoming in here and will surge to 5000 by the end of next yr. And if not by then, by the end of the
next yr. And if not by then, by the end..... ad infinitum.
You've been quietly buying for some time now. It's Ok - really...
Since 2011? How about 1971 when the price of gold was depegged from the dollar?
Hows about since 1980 when gold hit the 850 mark or so? Hmmmm. Currently at 1081.
1081 - 850 = 231/850 * 100 = 27%. In 35yrs. No dividends either. The DJIA was approx 1000 in 1980. Now, 17600.
17600 - 1000 = 16600/1000 * 100 = 1660%. And this does not include dividends or the re-investment thereof.
Just think! If you could jump into a time machine (AND YES!!! The govt has a time machine because all those govt scientists are just so
much smarter than the rest of us) and dial it back to Jan 1, 1971, you could have made some serious coin on your gold by the top in 1980!
By from 1980 to 2015, not so much.
Moral of the story: be a govt scientist.
If you have a time machine and can go back in time to the 1971 price then I will go with you and buy gold, if not then you can buy my share of the shiny lead and continue to ride it down.
Need to replace the flux capacitor first or nobody is going anywhere in time.
Dumping? Today? NOT!! http://www.investing.com/quotes/us-dollar-index
The dump occurred on Dec 3.
right, the USD index has ramped from 80 to 97 since middle of last year and it's supposed to be the end of the fucking world... funny how that ramp is basically in lock step with the drop in oil price, hmmm I wonder why that is...
If I know one thing and ONLY one thing about the USD, it is this: MOAR IS BETTER!
The Federal Reserve has been playing a rather nasty game to prop up the U.S. Dollar.
I believe it involves the following:
1. Shorting crude oil futures and other commodities through CME Group
2. Buying interest-rate swaps to hold down Treasury yields
3. Buying the U.S. Treasuries that other countries are dumping
4. Buying the stocks of select companies to prop up major U.S. stock indices
But this entire scenario creates a negative feedback loop. When the price of crude oil is forced down,
oil-producing nations go further into deficit. So, they must then sell U.S. Treasuries to fill budget
gaps. The result is that the Fed then doubles, triples, and quadruples down on its three-step process
to prop the U.S. Dollar.
Eventually, the markets will become so distorted from the Fed's interventions that the entire financial
system will collapse in on itself as chains of derivatives go bad.
The entire edifice of U.S. power - both economically and militarily, relies upon the confidence, use, and trust in the primary global trading vehicle, the $USD. Hence, it comes as no surprise that whatever needs to be done, Will be done in order to maintain this order. Rude and abrupt introduction to 3rd-world status and societal breakdown is the immediate flipside.
They will attack gold now.
what, they weren't attacking it before?
the dollar got so weak gold dropped from 1085 to 1070 (wtf?)
Maybe China, Russia and other BRICS nations can help this along by forgiving all the US dollar denominated debt!!