US DOLLAR CORK IN THE SEA PREPARING TO VISIT DAVY JONES LOCKER

by Morris Hubbartt
SilverDoctors.com
DECEMBER 8, 2012

The dollar’s failure is probably being masked by a gold market that feels a bit like it is “under attack”. The line in the sand that I have set for the dollar is 80.50. It has closed under that key price numerous times, which indicates technical deterioration.

This “Cork In The Sea” weekly chart highlights a massive symmetrical triangle formation, with a horrific final price objective of about 50 for the USDX. Where would gold trade if the dollar were to suffer such a catastrophic decline? I believe it would trade above $4000 an ounce.

The Rest…HERE

This entry was posted on Saturday, December 8th, 2012 at 1:50 pm and is filed under Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.