11 February 2012
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.
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.
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US Dollar Very Long Term Chart
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