Dollar No Longer a Safe Haven
Something really interesting happened during todays premarket trading. While the price of gold is up 0.7% to $1398.30 per ounce, and silver is up a much sharper 3.0% to $33.26 per ounce, the dollar, is currently flat against a basket of competing currencies.
During any type of serious crisis, the dollar always rallied, but today it is not. I am marking February 22 on my calendar for this may be the day that future economists mark as the beginning of the long death of the dollar.