US Dollar Daily Chart

Started by CrackSmokeRepublican, December 21, 2008, 12:38:45 AM

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CrackSmokeRepublican

December 21, 2008, 12:38:45 AM
20 December 2008
US Dollar Daily Chart


The commitments of traders has not turned negative on the Dollar for the funds, but has decreased sufficiently to indicate the Eurodollar short squeeze has been relieved, at least for now. The TED Spread will indicate any reversal.

We will have to see how this plays out, but we are now bearish on the dollar again for at least the short term, and remain bearish in the long term still despite the strong counter trend rally. Our intermediate term objective of 66 remains unfilled.

While the Obama Administration cannot take a 'weak dollar' policy it is the only practical way to correct the imbalances brought about by the last 20 years of systemic manipulation. It is either that, or the selective default on sovereign debt, most likely through conflict, a hot or cold war.

Ironically enough, we think all of this is unnecessary and without good purpose, excepting the pathological greed for power of the elite in all the nations involved.



http://jessescrossroadscafe.blogspot.com/
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan
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