Euro crashing again tonight
Time to throw in the towel goldbugs. The dollar rally continues unabated. The dollar index broke the downtrend at 73, it broke the "firewall" at 75, and now it has blasted through the strong resistance at 80. The dollar is heading up up and away... my screen shows the Euro down another three full cents tonight to 1.277ish. Gold trades inverse to the dollar, and the dollar's monumental rally continues to increase in speed and power. Poor defenseless currencies such as the "Loonie" and "Kiwi" were seen running home to momma for a good hug and cry after losing 30% of their value in mere weeks versus the King of Dollars, the U$D! Time to throw in the towel gold bugs, the dollar train is not worth jumping in front of... don't commit investing suicide standing in this train wreck.