Discussion of Housing Bubble, US Dollar, Debt, Trade Deficit, Oil, Gold, Consumer Spending, Central Banks, Inflation, Outsourcing and the Bleak Future of the US economy
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Monday, December 15, 2008
Dollar and Gold Charts
The US Dollar seems to be losing a bit of its luster and Bernanke's rate cut tomorrow is unlikely to make things any better
US DOLLAR DAILY CHART Note how it has recently fallen through its 50 day Moving Average
US DOLLAR WEEKLY CHART Note the significant PPO downturn (black line, top right)
GOLD DAILY CHART Note the rising PPO. Additionally, the 200 day Moving Average is close and will likely soon be crossed to the upside