This is a chart prepared by Trader Dan Norcini.
It shows TWO very clear trends, almost a perfect 'X marks the spot' if you will, in the center of the chart....but we are well past that tipping point now.
- The steady decline in the value of the US Dollar.
- The steady rise of COMEX Spot Gold in contrast.
I see NOTHING on the horizon that can or will reverse these two trends. Not near-term, mid-term, or long-term.
- Drachmas and Greenbacks will reach parity, thanks to the lunatic spending of Government as enabled by the equally mad policies of our private-for-profit Central Bank cleverly named the FED.
Benny, and Timmy, and their FTV-MSM cheerleaders are busily waving pom-poms to distract the public from this. This behavior is NOT an accident, nor is it a 'misunderstanding.'
- They know perfectly well what is happening to the Dollar, and are trying to 'manage' it's decline while distracting you.
Of course, they have powerful allies in the big bullion banks who are trying to keep a lid on 'physical' Precious Metals by naked shorting the paper version of the Gold & Silver commodities via the CRIMEX....er, COMEX (I was just thinking about the MF Global theft for a moment, pardon).
Tuesday 6 March 2012
Two clear trends................from Rico
From Theo Spark at 10:56
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