We are certainly very fortunate to have such a remarkable social and economic leader for President, a man without whom we probably would be witnessing the collapse of America. He has personally saved the stock market, health care, the reputation of Washington politicians, brought the blacks new esteem and dignity, nearly won the intractable battle against the inherent evil of guns, cigarettes, and heterosexual lifestyles.
He is our Nelson Mandela, our freedom fighter in the best tradition of Constitution based patriots who broke from England so long ago.
He cries the bitter tears of a man who saw the untimely death of a future President, a youth being purified in the fire of life experiences of eating Skittles and walking at the same time, Trayvon Martin.
I thought DXY could be bullish at first, but I look it differently nowadays.
I think DXY could barely escape from 74 level in 2011.
But, this time, JPY seems to be a unexpected factor. But it seems to be too fast.
If they are back to the normal strength in near term.
DXY could be pushed down that territory again.
If DXY fail to escape that boundary this time, I don't see where is the bottom of USD.
( I suspect if that's the moment to achieve THE debasement of USD. )
Euro could be getting weak again to buff that impact, but who knows ?
That could be really scary moment for hyper.
Any thoughts ?
If that hyper comes, that 85 % of capital gain would be no help.
That was the only reason that I bet the world would be back to normal before it's too late.
Weak GLD movement tells me a weird story.
I guess we'd better get out of all US denominated assets. Even out of GLD.