Thursday, April 28, 2011

Keep talking, Ben: US Dollar update


Listening to the Flamin' Groovies as the dollar burns. $USDXThu Apr 28 14:06:14 via webDavid Shvartsman
FinanceTrends

This is what's going down. Here's the weekly chart on the dollar index:

Wouldn't be surprised to see a new low on the index shortly, followed by a consolidation period and a months-long rally in the USDX. That seems to be the pattern, anyway, over the last several years. We'll be watching.
Posted by David Shvartsman at 10:55 AM Labels: , ,

2 comments:

Ken Faulkenberry, ArborInvestmentPlanner.com said...

Very scary what government policies are doing to destroy the dollar and with it the middle class. Here is a graph of the "Purchasing Power of the Dollar" from 1792.
Ken Faulkenberry
AAAMPblog

2:18 PM
David said...

Hey Ken,

Thanks for mentioning purchasing power, can't see a link to your graph. If you have an image or link I'll be happy to help link it here in the comments.

10:27 PM

Post a Comment

Subscribe to: Post Comments (Atom)