USD has already moved 'too far' above its weekly EMA 20, but what does an impulsive move that is whipping everyone into a deflationary frenzy care about 'too far'? The measured target is 91, which is different than writing 'USD is going to 91'.
But this ought to shut the anti-USD cult up but good. If Uncle Buck is garbage, so too is the euro and most of the rest of the major paper currencies. We are in a full blown currency event now, and gold is the 'currency' alternative.
Pro-USD fetishists on the other side say that gold must decline hundreds of dollars due to USD strength. But this is really a war between the exchange values of failing currencies. It is not about some ancient relic to which people have historically assigned monetary value.
http://www.biiwii.blogspot.com
http://www.biiwii.com
But this ought to shut the anti-USD cult up but good. If Uncle Buck is garbage, so too is the euro and most of the rest of the major paper currencies. We are in a full blown currency event now, and gold is the 'currency' alternative.
Pro-USD fetishists on the other side say that gold must decline hundreds of dollars due to USD strength. But this is really a war between the exchange values of failing currencies. It is not about some ancient relic to which people have historically assigned monetary value.
http://www.biiwii.blogspot.com
http://www.biiwii.com

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