10 February 2012

Gold Daily and Silver Weekly Charts - Bear Raid, Risk Off Trade on Greece



It was 'Risk Off' into the weekend as traders and funds raised cash levels as the markets took a 'wait and see' attitude towards the Greek debt deal.



SP 500 and NDX Futures Daily Charts - VIX Higher On Greek Deal Jitters



All eyes on Europe.

See you Sunday evening.




US Dollar Very Long Term Chart


As I have said previously, the US Dollar DX index may be less useful now because of its almost quaint concentration in the Euro, Yen and Pound, and lack of representation in the currencies of the high growth countries of the emerging markets, particularly India, Brazil, Russia and China.

The Anglo-American banking cartel would like to keep it that way as well. Encouraging the western central banks to inflate their currencies will maintain the appearance of stability while monetization and even devaluations can occur.

Still it is nice to have some historical context.