Dollar Slump Persisting as Most Accurate Forecasters See No Bottom in 2010
The most accurate dollar forecasters predict the world’s reserve currency will continue sliding even when the Federal Reserve begins to raise interest rates, which policy makers say is an “extended period” away.
Once the Fed raises its target, the dollar’s performance likely will mimic the pattern that followed the central bank’s past three rounds of increases, Sutton and Henderson said.
After policy makers started boosting borrowing costs in July 2004, the Dollar Index tumbled 10 percent and didn’t get back to where it had been before the first increase and stay there for more than a month until November 2005.
Antarctica Loses Ice From Larger Eastern Side as Well as West, Study Shows
Antarctica is losing ice from its larger eastern side as well as the western part, an indication the southernmost continent may add “significantly more” to rising seas, researchers in Texas said.
The Rumor About London Good Delivery Gold Bars That Are Allegedly Filled with Tungsten
XX Sean’s note - worth reading, especially the comments.
Is Gold Set to Hit $1,200 Within 24 Hours?
XX Sean’s note - ZeroHedge.com wrote that at 9:52 Sunday night. I think picking such a short time frame just damages your credibility, but we’ll see if he pulls it off.
And here’s a chart that may scare you, courtesy The Market Ticker …
Not looking good, amigos.
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