"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Tuesday, March 29, 2011

USD

Then there is this sad picture.  Any wonder why they are managing expectations?

There may be one or two dollar bulls out there.  Usually I am one of them at times like this that are ripe for some contrary action, but I can't make that claim based on this chart and based on the untenable situation policy makers find themselves in; caught between and inflationary rock and a Treasury yield hard place.

Okay, posting to be sparse for a couple days.  Just see this mess for what it is and hopefully we come out okay on the other end.

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