Dollar Index getting pounded

CaptHenway

Metals could go loop-de-loop again tonight.

roadrunner

Gentle Ben's job tomorrow is to make the dollar bounce. This just gives him a running start. The gap down is a sure sign it will head back up.

roadrunner

jmski52

Anyone know what Santelli's been saying about the bond market? I've been out of pocket a couple days.

MilesWaits

<< <i>Anyone know what Santelli's been saying about the bond market? I've been out of pocket a couple days. >>



Santelli Bond Report Jmski.

or:

OR?

Or This..

cohodk

<< <i>Anyone know what Santelli's been saying about the bond market? I've been out of pocket a couple days. >>



Bond price have rallied (yield down) sharply the last few weeks. The 10yr yield has dropped from 3.6 to 3.32.

Im watching them closely as I believe there will be a substantial trade. Just not sure which way. Buyers jumped at the drop in prices on the S&P negative credit-watch bs. I can see the 10yr trading at 3% just as easily as 4%

JCMhouston

Last I checked gold was up about $2 in the asian markerts.

cladking

Gold is headed to $2100 in the near term.

Silver will be along directly if it doesn't lead the way.

jmski52

My business includes a travel component, and let me tell you - business travel is getting more expensive.

The relationship between precious metals prices and The Real Interest Rate is quite measurable and reliable.

If bonds are going up (rates down) and if inflation (travel costs) are going up, then The Real Interest Rate (the spread between bond rates and the rate of inflation) is Increasing.

And that means that precious metals are going up.

Justacommeman

<< <i>My business includes a travel component, and let me tell you - business travel is getting more expensive >>



You don't say?

I'm going to Chicago for Central States tomorrow and then on to Tokyo on Friday. Toyko plus the weak dollar makes for MT Pockets for MJ. Tokyo will make Chicago feel like Des Moines Iowa expense wise.

MJ

CaptHenway

The Bernank speaks, and the world responds:
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dollar index linky

Moxie

As I write this, the dollar index is now below 73. Wow, what a drop in one day!

Great news for PMs. But I have a bad feeling overall. Will it go below 72 within the next day or two? Could today's "The Bernanke" speech be the catalyst for a global shunning of the dollar?

Fortunately I rearranged my portfolio on Monday and now only have funds in commodities, precious metals, currency (that protect against a falling dollar), and foreign. The recession of 2008 started when the dollar index was around 71 something. Can the U.S. stock market handle a dollar index below 72? I just have a bad feeling we'll see the market tank very soon. Tell me where I'm wrong.

Overdate

This three-minute video is as good an inflation primer as any. No narration present or necessary.

Justacommeman

Why worry Moxie? Our leaders think it's fine.........insert facetious emotion icon here

Aussie---1.09
Cando---1.05
Swiss Franc----1.15

Not only did these currencies blow through parity the are now clubbing the dollar like a baby seal

Even the lowly Euro is running rampant against the greenback and knocking @ 1.49.

HOWEVER, lot's of folks are piling into this short dollar trade and the boat is leaning all in one direction.....caution Will Robinson

Long term the directions remains clear. The Dollar is in trouble.

MJ

derryb

The dollar is toast. Unfortunately most Americans don't want to hear the reality of it and consider it unpatriotic speculation. This leaves them unprepared for the future and to suffer dearly with the outcome. They continue to put their faith in a central bank whose policy will save them. They don't won't to hear that this very policy has watered down the value of everything they own, is robbing them blind and has doomed them as well as their children.

CaptHenway

Isn't Zimbabwe using U.S. Dollars now?
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Didn't they learn ANYTHING from their last currency fiasco????
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