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The Dollar Just took a NOSE DIVE 10AM Pacific.
Submitted by takeaction on Tue, 06/23/2009 - 11:51
in
What just happened?? Did I miss something on CNBC?? I am looking for an explanation.....but nothing popped up yet. Look at the dollar chart on the lower right of this site... » |
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I must not
be reading the charts you are pointing out.
The big picture:
looking at the big picture. We are above the 50% correction from the initial impulse in 2008.
The LOW or end of the decline of the dollar occurred on 3/17/08 at 70.70 That become the start of the rise with the first impulse ending at 88.46 on 11/17/08.
88.46 - 70.70 = 1776 ticks. mmmmm, (USA)
Anyway, Gann, Elliot and other market 50% corrections a MAYOR points to watch.
8846 - (1776 * 50%) = 79.58 (BUY POINT)
The Low close on 12/29/08 was 79.63
The Low on 11/08 was 77.69
This 77.69 can not be broken as are the wave structure is based on rules.
We have an irregular ABC, and C can not break A or "77.69" printed in 11/08
We are at the beginning of a third wave, and always the most powerful. The minimum is 96.09
Wolf pack
MORE manipulation
They have to do it LEGALLY
Good people make the difference, you-no
BM's
The market often makes big moves (BM's) when the Fed is in a huddle. The BM's turn out to be right. It's not possible that there's an info leak, eh?
Could it be it that made dollar nose dive
Securities seized in Chiasso still between a wall of silence and a flow of disinformation
Neither Italian nor US authorities have officially said whether the seized US Treasury bills worth US$ 134.5 billion are real or fake. A US Treasury spokesperson said they were fakes, but acknowledged that he only saw them in a photo on the internet. For Italy’s financial police, if they are forgeries, they are practically indistinguishable from the real stuff. Both the US Federal Reserve and the Bank of Japan have an interest in denying their authenticity.'
Full text
http://www.asianews.it/index.php?l=en&art=15588
mms
economist entrepreneur proprietor
sound money economic policy advocate
google! PFMPE and prosper for ever & beyond
mms, economist, entrepreneur, proprietor;
abolish interests on debt policy.
what is mathematically perfected economy™?
Most likely these will be
Most likely these will be publically declared fake and burned, while others are brought in via other ports. If they are truely real, then it is likely that others have already made it to their destination.
grant
You think maybe the Fed is involved?
This is going to be great for those that invested dollars abroad. When the dollar spiked up they bought into depressed foreign stock markets, and managed to drive them up. Now the dollar takes a big dive, they withdrawl their foreign investments and not only make a profit on the increase in the stock, but also with the currency spread.
grant
Just a note on gold
Current Elliot Wave analysis of gold shows a strong downward trend to approx. $700...
http://www.ignatpost.com/magazine/index.php?mlid=1660&phrase...
..................
"The main thing that I learned about conspiracy theory is that conspiracy theorists actually believe in a conspiracy because that is more comforting. The truth of the world is that it is chaotic..." —Alan Moore
..................
"The main thing that I learned about conspiracy theory is that conspiracy theorists actually believe in a conspiracy because that is more comforting. The truth of the world is that it is chaotic..." —Alan Moore
I'm seeing 900-930 on the
I'm seeing 900-930 on the 10-15 charts I just saw.
www.cuttingthroughthematrix.com
"One man with courage is a majority." ~ Andrew Jackson
Wow
Your amazing. Why would anyone stay in dollars with gold that cheap? Wouldn't people buy on the low and sell on the high?
That is if your chart were credible.
The date on that is 14 June 09. Its the 23 of June.
What a difference a few days can make.
Just pointing those dates out. If you didn't notice.
nosedive
is that really nose dive?
80.9 down to 79.6 over 11hours?
I pledge, do you?
Dollar to explode UP not down.
The accumulation is ending with a 2 of C on elliot nomencalture.
The dollar is in a very strong technical position. (Chart)
Here take a look:
http://s760.photobucket.com/albums/xx243/Milky_Way_Today/?ac...
Yes I would
Consider this a Dive. The dollar has been trading sideways for the past couple weeks, and a move like this to the downside is substantial.
http://www.goldseek.com/quotes/charts/usdollar/usdollarindex...
From what I have read....if the dollar closes below 80, it has broken a trend line and could ignal further more substantial drops.
dollar down and gold flat/down
I am concerned that with the dollar weakness we are not seeing a higher gold price in the USA.
Gold chart: http://finance.yahoo.com/q/ta?s=gld&t=3m&l=off&z=m&q=b&p=e10...
When dollar is worth less, gold typically should be worth more dollars. A couple thoughts:
1) gold price is being depressed
2) everything is going to get cheaper in the near future
1) has been speculated for years, and GATA.org has some info.
2) would be the result of, or result in, substantial economic problems potentially causing civil unrest.
http://FlipFlopRomney.blogspot.com
nosedive
ah ok thanks for the info.
I pledge, do you?
Bloomberg is addressing this issue now.
Dollar Weakens Most in Six Weeks as Fed Speculation Declines
By Oliver Biggadike and Ye Xie
June 23 (Bloomberg) -- The dollar fell against the euro by the most in six weeks on speculation the Federal Reserve will temper expectations for an interest-rate increase this year in an attempt to lower borrowing costs.
The central bank will probably keep its benchmark rate close to zero and continue its $300 billion program of Treasury purchases, according to a Bloomberg News survey of 58 economists before tomorrow’s statement. The pound fell versus the euro by the most in almost three weeks after Bank of England Chief Economist Spencer Dale said a weaker currency was a “key channel” to spur economic growth.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aXC6MwXT...
There
Fortune Favors the Bold
was a T-Bill auction today- that could be causing the fluctuations.
Fortune Favors the Bold
Yes and it was reported as a good thing.
40 billion in high yield 2 yr. ........ Maybe I'm mistaken .... but wasn't there supposed to be an Auction for 104 billion..... what happened to the other 64 billion? hmmm... so much crap so fast these days I'm probably just mixed up
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"Those who make peaceful revolution impossible will make violent revolution inevitable."
John F. Kennedy
≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈
"Those who make peaceful revolution impossible will make
violent revolution inevitable."
John F. Kennedy
what happened to the other 64 billion?
it was printed?
.
.
.
--------------------------------------------------------------------------------
Pete: I've always wondered, what's the devil look like?
Ulysses Everett McGill: Well, there are all manner of lesser imps and demons, Pete, but the great Satan hisself is
What can be said of a people who would sell their own children into slavery, using the rational that it is to protect their freedom?
lol... and with no buyers...
Makes good sense to me ......
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"Those who make peaceful revolution impossible will make violent revolution inevitable."
John F. Kennedy
≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈
"Those who make peaceful revolution impossible will make
violent revolution inevitable."
John F. Kennedy
Fed meeting began at 10 Pacific
It is the lead story here, but the source link does not work for me.
http://finance.yahoo.com/
Truth exists, and it deserves to be cherished.
The Fed announcement will
The Fed announcement will come tomorrow, and the dollar is likely to take a real beating then. The Fed will attempt keep rates low for the foreseeable future, which makes the dollar an unattractive investment internationally.
Gold didn't move too much today, but I expect it to fly tomorrow.
Hi Mike, see my post above (re: gold)
..................
"The main thing that I learned about conspiracy theory is that conspiracy theorists actually believe in a conspiracy because that is more comforting. The truth of the world is that it is chaotic..." —Alan Moore
..................
"The main thing that I learned about conspiracy theory is that conspiracy theorists actually believe in a conspiracy because that is more comforting. The truth of the world is that it is chaotic..." —Alan Moore
Very much so
This could also tie into the FEMA exercises coming up this week. Or was it next week?
In any event the FED's hand will finally be forced. The ship has too many holes.
Thought it was end of July?
like the 24th or so...not sure on that. Are you referring to the one where they are welcoming participation from Canada, Mexico,UK, and Australia? Nice to let them in on our internal workings...one big happy family soon I guess with the NAU.
R3VOLution
Mainstream media is doing what it does best...
..Covering up the economic crisis until it escalates into a panic. Just as they did with last year's "recession" that didn't exist, in their view, until the month of the TARP bailouts.
SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States
SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States
Well, Kevin, the crisis is so, like, depressssingggg...
I mean, like, I want to be haaaappy, so like, I appreciate the media, they make the world in my head a better place than like, the one where there are like, recessions and bailouts and that BORING stuff.
(Please add your best "Valley Girl" to that.)
Truth exists, and it deserves to be cherished.
Here is one reason
http://www.reuters.com/article/usDollarRpt/idUSN234049120090623
There is an Asian summit today that the MSM is not talking about
I have been hanging out here for 2 days, neglecting my garden waiting for this. I don't really expect a "SHTF" moment, but the potential for one today is very real.
Truth exists, and it deserves to be cherished.
very weird.
It just fell again. IF the dollar closes below 80 today.....will be a substantial move. Their is something that happened in the Forex market to make it drop so fast. Very Interesting.