muses of the moment

April 25, 2011

US Dollar

Filed under: Dollar Crisis — totallygroovygirlfriday @ 12:03 pm

Jesse with Cafe Amercain had some great updated dollar charts last week. Click here.

Jesse’s chart illustrates that the dollar has broken down from the last consolidation. The other charts show the dollar testing the recent lows from 2008.

It is important to keep an eye on these charts. If the dollar breaks to new lows, it is not good. We know the Fed and the Treasury want a controlled debasement of the US dollar. But the question is; can they control it?

Blog at WordPress.com.