USD still worth about a quarter any way you slice it...dollar back at the top, again, of what's closing in on a three year range. Will break out to the upside and if it does will it gain any value down at the consumers level. My view is that it is only more expensive but it's purchasing powere is weaker than ever.
I'll remain neutral until I see an actual breakout. It may be worth noting that while this is the third visit to the upper extreams of this range each visit has been basically just spikes up. The dollar has spent considerable more time at the bottom of this range.
Maybe this time it will spike high and long enough for gold to get down to $1000ish levels again and for the equity markets to finally roll over. These equities seem to not want to die these days but nothing lasts for ever now does it.
I'll remain neutral until I see an actual breakout. It may be worth noting that while this is the third visit to the upper extreams of this range each visit has been basically just spikes up. The dollar has spent considerable more time at the bottom of this range.
Maybe this time it will spike high and long enough for gold to get down to $1000ish levels again and for the equity markets to finally roll over. These equities seem to not want to die these days but nothing lasts for ever now does it.
