The Dollar/Dow negative association is starting to crumble. Martin Armstrong said the top will be reached in Sept, and I have a feeling he's right. Today the dollar declines while commodities (gold) is up and the Dow follows the dollar. The idea that a weaker currency is good for anything is now or soon will be shattered. The fact remains no civilization in the history of mankind has ever benefited from a devaluing currency and we will be no exception. When the USD index breaks below 75.80 (where there has been some questionable support from where I will allude to but not admit, lets just say it's TWSAU: Those who Stand Against Us) 74 will come in a mighty hurry.
The government has spent too much time and effort capping gold. They have failed. There only hope now is to "prop" the dollar, (which will intern cap gold, a bit but not much) This will fail too. The government cannot create or change a trend in a free market, they can only prolong the inevitable trend, and eventually always fail.
74 will change the tide. Jim Sinclair said yesterday 71.50 will be a turning point that will occur when the snow falls on the East Coast. As always he will be proven right.
The gears of monetary destruction turn faster and faster.
-J
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