Dollar kicks butt again.
Posted By Mike On Oct 10, 2008 @ 2:39 pm In deflation, gold | No Comments
The [1] dollar carry-trade continues to unwind. The days of getting rich by borrowing dollars and buying anything under the sun are over. So much of that dollar debt is going to money heaven, so if you still have dollars you can get a lot more for them:
Gold fell $93 intraday:
[2] 
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The dollar was way up against the Euro (5-day view):
[3] 
Source: Yahoo! Finance. Click image for larger view.
And the Loonie:
[4] 
Source: Yahoo! Finance. Click image for larger view.
The Pound:
[5] 
Source: Yahoo! Finance. Click image for larger view.
The Rogers Commodity Index:
[6] 
Source: Yahoo! Finance. Click image for larger view.
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And last but not least, you can now get a lot more Dow for your dollar:
[7] 
Source: Yahoo! Finance. Click image for larger view.
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Article printed from The Sovereign Speculator: http://sovereignspeculator.com
URL to article: http://sovereignspeculator.com/2008/10/10/dollar-kicks-butt-again/
URLs in this post:
[1] dollar carry-trade: http://sovereignspeculator.com/2008/09/03/dollar-carry-trade-unwinding/
[2] Image: http://sovereignspeculator.com/wp-content/uploads/2008/10/screenhunter_08-oct-10-1412.gif
[3] Image: http://sovereignspeculator.com/wp-content/uploads/2008/10/screenhunter_14-oct-10-1428.gif
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