Sunday, September 21, 2008

US Dollar Bailout Victim chart.


US Dollar is feeling the heat, "rally" has hit the roadblock and all this painted unprecedented manipulation in the "free" markets could become Bearish Flag pattern on the way to new lows. First intervention fueld short covering in the USD, then flight from other markets contributed to temporary dollar strength, global margin call in the weakest currency USD last week was the last dollar strength reserve. Tectonic shift in the market just before the "financial system meltdown" has send Gold 85 dollars higher returning its shine of the Save Haven of last resort, where US Dollar and Treasuries so spectacularly failed last Friday.

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