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Dollar Death Delayed

March 24, 2011

 

The dance continues, as I have mentioned before every time the dollar is about to roll over and really drop something like Portugal takes place, where people run (well maybe trot) back into USD. The interesting thing is that this really didnt effect the gold and silver markets, and to a large extent the stock market. Typically a strong move up in the dollar like this pushes stocks and commodities down. If gold and silver can stay decoupled from the dollar thats bullish.

I also wanted to mention that in the January halfpasthuman report they predicted a central bank would have their large gold holdings revealed. I think Iran meets that criteria.

 

via $USD – Daily Candlesticks.

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