US$ dropping

[TexasDevilDog]

The US$ broke its 50 moving average last week.

http://safehaven.com/article-12095.htm

[93coupelx]

Watch it now drop like a rock like oil did. This is all happening much faster than I was thinking it would and I am very concerned for my family and friends.

[5.0_CJ]

I'd say a little preemptive of a decision, fluctuations have occured recently and returned.

[93coupelx]

I'd say a little preemptive of a decision, fluctuations have occured recently and returned.

I don't think so at all. The writing is on the wall IMO. The FED is out of ammo. Get ready. Judging from what I see of you in the armory section you are prepared better than most. Christmas set me back but I am turning my preparations up a notch.

[fast83]

watch gold prices shoot up.

[93coupelx]

watch gold prices shoot up.

They should have been moving more already with the amount of money(inflation) having already been created. I am working against the clock to cash in a couple of things so I can get some eagles but I wish I had trusted myself more and bought some 2 or so years ago when I started watching gold.

[FreightTrain]

The US$ broke its 50 moving average last week.

http://safehaven.com/article-12095.htm


I think you normally post very solid and grounded information, but that link just screams of the buy gold now infomercials I see on late night tv. :rolleyes:

[Geor!]

looking at graphs, it appears as if the usd is fairing better against most other currencies. is this still a cause for alarm? i'm unemployed right now and severance ends 01/31.

[TexasDevilDog]

I think you normally post very solid and grounded information, but that link just screams of the buy gold now infomercials I see on late night tv. :rolleyes:

Well, I think of all information as, take with a grain of salt. I read from many sites, more about the underlying information than the implied message. They show the information that would be hard for you or I to compile. These are the same sites that were warning over a year ago about mortgages and the crisis. That is why I bailout of the market in January.

[TexasDevilDog]

Here is the USD v Euro http://finance.google.com/finance?q=USDEUR

Click on YTD to see the bubble that occurred in the US$ this fall. The same is true of all currencies except for the Japanese Yen, which is unwinding the Yen carry trade. When interest rates went to zero in Japan, many people borrowed money in Yen and invested else where. Well, that money is flowing back in to Japan now.

[fast83]

it took the goverment/news media 2 years to say we where in a resetion.we've been there for 2 years already.

i predict a massive depression soon but it wont be declared for another couple years.

gold spends everywhere,the $ spends nowhere when its tanked.

[Ylw 98~~SNAKE~~]

I hope your wrong but its definately getting its ass kicked!

[Sgt Beavis]

It is making my trip to India more expensive by the minute...

[slo'sho]

there is a cure for all thats happening...

Debut of the 'amero'
By Judi McLeod

Thursday, December 14, 2006

The People's Republic of China, long lauded by America's enemies as the world's next economic power, will be the country that will force the creation of the `North American Union' (NAU)

The billions of dollars China has invested in the flagging American economy will be worthless. They will have to negotiate the exchange rate to the new amero. This will then force the creation of the North American Union.

The cloak of the NAU, fashioned in secrecy, will be thrown over an unsuspecting public, erasing the borders of three countries. Mexico, which already has legions of its citizens living and working inside America, is, in effect already inside the NAU. Their governments will inform the American and Canadian people that there is no option but the bread line.

Unfortunately, the plan, which has been in place for some time, now, has been all but ignored by the mainstream media.

[5.0_CJ]

it took the goverment/news media 2 years to say we where in a resetion.we've been there for 2 years already.

i predict a massive depression soon but it wont be declared for another couple years.

gold spends everywhere,the $ spends nowhere when its tanked.

In economics, the term recession generally describes the reduction of a country's gross domestic product (GDP) for at least two quarters. Technically, we're not a recession yet as Q1, Q2 both showed growth, Q3 showed a slight drop, and Q4 is probably going to also. We're at a plateau with what looks like the "official" recession coming soon.

[STANGGT40]

Here is the USD v Euro http://finance.google.com/finance?q=USDEUR

Click on YTD to see the bubble that occurred in the US$ this fall. The same is true of all currencies except for the Japanese Yen, which is unwinding the Yen carry trade. When interest rates went to zero in Japan, many people borrowed money in Yen and invested else where. Well, that money is flowing back in to Japan now.

look at it on the 5-year chart...it looks like the dollar made a quick "come-back" against the euro but still hasn't come close to its high of around .90.