Before The Open
‘Dollar Destruction’ To Be Postponed
Hyper-Inflation Not In The Charts
Who looks at the actual chart anyway … so old-school.
However, what that school is telling us, the dollar’s built a solid base for a sustained rally.
Then we have this: Uneducated Economist gives us links in his report on why dollar demand could increase substantially.
If dollars are going up, gold is going down.
At this juncture, there’s still an inverse correlation.
On a separate but related note, the FDA announcement from yesterday was not taken into account with the biotech plan. An error if you will.
The Project Stimulus account exited the short biotech trade with a small gain as shown below.
More analysis to come on a potential long-term biotech reversal set-up not unlike the dollar.
For now, we’re out.
Charts by StockCharts