We wrote before last week about our US Dollar crash alert, the China questioned quality of Debts of US Corp, they were reassured by Obama and couple of battle ships close to their shores. Jim Paplava is talking about 3 Trillion US Dollar debt to be sold this year to finance all bailouts and rising Deficit to 2 Trillion. Have all these fundamentals finally filtered down to trades' brains? US Dollar looks scared on Weekly chart with Double Top Reversal, RSI is lower with Second Top, MACD has not made new high with Second Top. Chances are good that apart from "we do not really know what to do together" communique from London G2o meeting of finance ministers, dollar will be allowed to slide down and pronounce Inflation next week. National game will be to manipulate your currency and devalue debts increasing export revenues. Swiss and Japanese are in on a big scale, UK was the first "clever" player help by total mess in banking and Russia are struggling with collapse of Oil revenues from last summer. US economy was punished by strong dollar from GE to Google, problem will be how to manage the slide down onto the Downtrend without getting into Waterfall scenario with USD breaking below 70? Sunday, March 15, 2009
US dollar collapse: Weekly Double Top Reversal. DXY, GDX, HUI, XAU, SLW, TNR.v, RMK.v, FVI.v, OK.v, MGN, BTT.v, GBN.v, ASM.v, CGH.to, CZX.v
We wrote before last week about our US Dollar crash alert, the China questioned quality of Debts of US Corp, they were reassured by Obama and couple of battle ships close to their shores. Jim Paplava is talking about 3 Trillion US Dollar debt to be sold this year to finance all bailouts and rising Deficit to 2 Trillion. Have all these fundamentals finally filtered down to trades' brains? US Dollar looks scared on Weekly chart with Double Top Reversal, RSI is lower with Second Top, MACD has not made new high with Second Top. Chances are good that apart from "we do not really know what to do together" communique from London G2o meeting of finance ministers, dollar will be allowed to slide down and pronounce Inflation next week. National game will be to manipulate your currency and devalue debts increasing export revenues. Swiss and Japanese are in on a big scale, UK was the first "clever" player help by total mess in banking and Russia are struggling with collapse of Oil revenues from last summer. US economy was punished by strong dollar from GE to Google, problem will be how to manage the slide down onto the Downtrend without getting into Waterfall scenario with USD breaking below 70? 
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